GOLD technical analysis.

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This chart shows the price action of Gold (in USD per ounce) on a 1-hour timeframe, and it's currently in a downtrend. Here's a quick breakdown:

Current Price: $2,973.145, showing a sharp drop of -2.09%.

Key Resistance Zones: Highlighted in red, around the $3,080 and $3,160 levels.

Support Level: Marked with an orange line at approximately $2,930.306.

Forecast/Prediction: The blue zigzag arrow with a lightning icon and downward arrow suggests the expectation of further decline toward the $2,930 support zone.

Economic Events: The calendar icons below the chart hint at upcoming U.S. economic data releases that could impact price action.


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