Gold is testing the lower boundary of a descending channel. My bearish scenario depends on a confirmed break below the 4,300 area, followed by a failed retest near 4,300–4,302.
If that setup forms, the marked downside target is 4,276.5. A move above 4,310.4 would invalidate this projection.
The arrows show a possible path, not a confirmed trade. Trading carries risk. Trade wisely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.