The price of gold (XAUUSD) is expected to trend downward as the bearish trendline remains dominant. This movement is further supported by the formation of a chart pattern, signaling a potential continuation of the decline.
Technical analysis highlights increased selling pressure at key levels, which could push prices lower toward the next support zone. Traders should remain cautious and monitor global sentiment that might influence gold’s volatility.
Trade Recommendation
Sell Entry : 2653
Stop Loss : 2663
Take Profit : 2637
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