julianacunja
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Gold is trading near a key resistance zone, aligned with a descending trendline. Indicators like the RSI suggest overbought conditions, while bearish candlestick patterns reinforce the likelihood of a pullback.Fundamental Drivers:A strong U.S. dollar, supported by expectations of prolonged high interest rates from the Federal Reserve, is adding downward pressure.Weak physical demand in key markets like China and India further limits upside potential.Forecast: Failure to break above the resistance could see gold drop toward support levels near [X]. However, if the resistance is breached, the next target may be [X+].Gold remains at a critical juncture, with bearish momentum likely prevailing unless a significant catalyst shifts market sentiment.
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.