Gold is bearish!
On the 4-hour timeframe, I expect gold to first drop to the 2800 zone (EMA 89), then reject from this level and make a short bullish move towards 2850, before continuing its decline down to 2730 (EMA 200).
On the 4-hour timeframe, I expect gold to first drop to the 2800 zone (EMA 89), then reject from this level and make a short bullish move towards 2850, before continuing its decline down to 2730 (EMA 200).
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