HelenP. I Gold can continue to decline to support zone

Hi folks today I'm prepared for you Gold analytics. If we look at the price chart, we can observe a significant shift in the market structure, highlighted by the recent decisive break of a long-standing ascending trend line. This event suggests that the previous bullish momentum has been exhausted and that sellers are now taking control. The bearish case is further strengthened by the price trading below the key horizontal zone around 3375, which previously acted as support during the consolidation phase and is now poised to act as strong resistance. My analysis for a short position is built on this structural change. I believe that any attempt by the price to rally back towards the broken trend line or the 3375 resistance zone will likely be met with significant selling pressure, confirming the new downward trend. A rejection from this area would be the key condition validating the bearish bias. Therefore, the primary goal for this developing downward impulse is set at the 3305 level, as this aligns with the next major support zone where the price is likely to find its next pause. If you like my analytics you may support me with your like/comment.❤️

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FirstNameHelen

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FirstNameHelen

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