DislikedGold H1 Analysis Gold is currently trading inside a clear descending channel after a strong bearish move and the recent bounce looks corrective rather than a trend reversal. Price is struggling around the 4755-4765 resistance zone and a descending trendline showing rejection and weak bullish momentum. Structure remains bearish with lower highs forming and unless price breaks and sustains above 4770-4780 downside pressure is likely to continue. The projected path suggests a possible short-term push up into resistance followed by a continuation move...Ignored
Next 4700 or before this we will small spike up
Patience
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