GOLD : Consolidation with Bearish Breakout

Gold Technical Analysis
The price reached our bearish target of 2739, as anticipated in yesterday's analysis, starting from 2758.

Currently, there is potential for the price to touch 2747 before resuming a downward movement. If a 15-minute candle closes below 2739, the price is likely to drop further, targeting 2731 and 2722.

For now, the movement range remains between 2739 and 2756 until a breakout occurs.

A breakout above 2759 will likely drive the price higher, targeting 2773 and 2787.
A sustained 1-hour candle close below 2739 will confirm further bearish movement.

Key Levels:
Pivot Point: 2739
Resistance Levels: 2756, 2773, 2787
Support Levels: 2731, 2722, 2706

Trend Outlook:
Bullish Trend if break above 2759
Bearish Trend if a 1-hour candle closes below 2739

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