Gold prices continue to trail downward for a second consecutive day, probing critical support levels around $3300 to $3292. This range represents psychological support and a Fibonacci retracement level, as previous attempts at recovery in this area have failed. Market observers note that easing trade tensions may have contributed to shifts in investment dynamics, altering gold’s position in investors’ portfolios. With economic uncertainty still prevalent, traders are analyzing the ongoing situation to gauge future movements. The interplay between market sentiment and technical indicators paints a complex picture for gold’s trajectory.