Sam Forex

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GOLD 30m Analysis (Bearish scenario)

Gold has rejected 4936.000 (Flip Zone) and is trading above support 4919.000
A close below the support 4919.000 might entail possible drops in Gold prices, targeting Support level 4889.000. However, sells should only be taken with alignment of confluences/confirmations

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GOLD 15m idea

Gold as created a minor support around 4995.61 currently holding the bullish minor trend
What this means is that once price closes below that price, we might wait for a signal to confirm bearish momentum targeting 4977.03

A close below 4977.03 might signal a potential drop in Gold prices to possibly align with the 4H bearish trend.

DISCLAIMER: This is not financial advice but shared for educational purposes only. Trading is risky! Protect your capital.

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