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XAUUSD Price Could find way to downside

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Gold is currently showing signs of a bearish trend due to a weak background market and low trading volume. The absence of significant buying pressure suggests limited momentum to the upside. Despite the need for a bullish move following yesterday’s consolidation, the lack of strong catalysts or volume suggests that price action may remain sluggish in the short term. Unless a major driver emerges, we may continue to see sideways or downward movement in the near term.

Resistance level 3310 / 3320
Support Levels 3270 / 3242

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