GOLD MARKET UPDATE
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Gold remains bearish on the 1-hour timeframe, continuing to trade within a descending channel. The recent rejection from channel resistance confirms that sellers remain in control.
Resistance: 4,070–4,100 | 4,120 | 4,150 | 4,220
Support: 4,023 | 3,958 | 3,925 | 3,880
A break above 4,100 could shift short-term momentum, while rejection may lead to further downside toward key support levels.
This analysis is for educational purposes only. Trade with proper risk management.
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