Gold is showing **bearish momentum** on the 1H chart after facing strong rejection from the descending trendline/resistance zone around **4,400–4,420**. Price is making lower highs and lower lows, keeping the short-term structure bearish.
📉 **Target:** **4,291.24**
🎯 **Support:** **4,280–4,300**
🔴 **Resistance:** **4,400–4,420**
📌 **Bias:** Bearish below the descending trendline.
A sustained move below the recent lows could open the way toward the marked **4,291.24 target**.
Trade active
ACTIVETrade closed: target reached
target hitt
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Disclaimer
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