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Gold Futures: Approaching Key Resistance with Bearish Rising Wed

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Gold futures are testing strong resistance near 4,190 on the 15-minute chart, forming a rising wedge pattern—a classic bearish reversal signal. Watch for a potential breakdown below wedge support that could trigger a sharp decline toward 4,110. Momentum indicators show weakening bullish strength, suggesting sellers may soon take control. Traders should monitor this critical zone for confirmation of trend reversal or a breakout continuation.

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