Gold – Further dip below $2900 signals a healthy correction before the next upward move.

Gold prices have slipped below the key $2900 support level, where price action had shown hesitation over the past two days. Despite initial bullish signals from double downside rejections and long lower wicks on daily candles, today’s fresh decline suggests stronger bearish pressure.

Investor profit-taking appears to have intensified following President Trump’s remarks on a potential delay in tariffs on Canadian and Mexican imports. This deeper pullback is likely providing better buying opportunities for market participants.

The broader outlook remains bullish, supported by ongoing trade uncertainties and fragile geopolitical conditions, which continue to drive strong safe-haven demand.

A daily close below $2900 would confirm a fresh bearish signal, exposing next supports at $2868 (23.6% Fibonacci retracement of the $2582–$2959 rally) and $2845 (30-day moving average). Further declines could extend toward the $2813–$2810 zone (38.2% Fibonacci retracement / lower Bollinger Band), where buyers may step in to reinforce the uptrend.

Res: 2900; 2919; 2942; 2956
Sup: 2868; 2845; 2810; 2769