Gold Market Analysis – 30m Chart Update

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Gold faced a sharp rejection at 3,312.340, leading to a significant 1.57% drop, finding support at 3,302.594. The price action shows increased selling pressure, as indicated by the volume spike at the peak.

Now, the key level to watch is 3,302.594 – a critical support zone that could determine the next move. A confirmed breakdown below this level may open doors for further bearish momentum. Conversely, holding this support could trigger a potential recovery.

Stay vigilant and follow for more timely updates and actionable insights.

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