Gold next possible move Is down

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"Hello traders, let's analyze the current market conditions. Based on our technical analysis, we've identified a potential sell zone around $3260. The price has reached a key resistance level, and indicators suggest a possible reversal.

Key factors contributing to this sell zone include:
- Resistance at $3260
- Overbought conditions on the RSI
- Bearish divergence on the MACD

If the price fails to break above $3260-$3265, it may signal a downturn, targeting $3245-$3240 as the next support level. Let's monitor the price action closely and adjust our strategies accordingly."

Comments your thoughts traders what you thinks about this setup

Penafian

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