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GOLD BEARISH


Based on my analysis of today's market trend for XAU/USD, it seems there is a strong reversal bearish candle on the daily timeframe. I anticipate that the price will head down to the 2152 mark and potentially break below it, aiming for the 2146 level.

Taking this into consideration, here's today's XAU/USD analysis:

Today's XAU/USD analysis suggests a bearish bias, in line with the observed reversal candle on the daily chart. The price is likely to face downward pressure towards the 2152 support level. A break below this level could open the door for further downside movement, with the next target around the 2146 level.

Traders may consider short positions targeting the aforementioned support levels, while exercising caution and implementing appropriate risk management strategies. However, it's essential to remain vigilant of any potential market developments or unexpected events that could influence price action. Always monitor the market closely for any signs of reversal or invalidation of the bearish bias outlined in this analysis.

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