GOLD/USD a bearish price projection:

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Current Market Context
Current Price: $3,389.093
Price Range of Candle: High $3,390.990, Low $3,369.075
Trend: The price has been in an uptrend since late March, peaking near $3,493 before a recent pullback.
Technical Indicators
Colored Boxes and Lines: These represent support/resistance zones and possibly stop-loss/take-profit zones for a potential short position.
Red Box at Top: Likely marks a resistance/supply zone (potential short entry).
Green Box at Bottom: Indicates a support/demand zone (take-profit area).
Trade Setup (Bearish Outlook)
The black arrows illustrate a bearish price projection:
Price is expected to reject near resistance (around $3,437–$3,493).
Then, pull back down, possibly reaching the $3,337–$3,267 region.
The setup implies a short position may be initiated at or near the current level, with a stop-loss above $3,437–$3,493 and a target near the green support zones.
Support and Resistance Levels
Resistance Zone: $3,437–$3,493
Key Support Levels: $3,337, $3,299, $3,267, $3,210
Immediate Support: Around $3,380 (short-term pivot level)
Summary
This chart suggests a possible short setup on gold, anticipating a drop after a resistance rejection. The risk-reward setup looks planned with defined zones for entry, stop-loss, and take-profit.

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