GOLD (XAUUSD): Classic Bearish Formation
I believe 📉Gold has the potential for further downside.
On the intraday chart, the market has been consolidating within a broad horizontal range for some time.
A break below the support level signals strong bearish momentum, and the price is now retesting the previously broken support.
I expect a potential decline toward the 2840 support level.
On the intraday chart, the market has been consolidating within a broad horizontal range for some time.
A break below the support level signals strong bearish momentum, and the price is now retesting the previously broken support.
I expect a potential decline toward the 2840 support level.
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