The price of Gold is currently trading near its pivot point, attempting to hold below this level to initiate a downward move.
Bearish Scenario: Holding below the 4327 pivot point will drive the price down toward the support levels at 4309 and subsequently 4283.
Bullish Scenario: A breakout and 1-hour candle close above 4327 will shift the direction toward the resistance target at 4355.
Resistance Levels: 4355 – 4375
Support Levels: 4309 – 4283
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