Gold recently deceived with a false bullish breakout in the weekly/daily supply zone, leading to a bearish reversal. Additionally, the 4-hour timeframe revealed a recent bearish breakout along the trend line, supported by identified confirmations. Anticipating a downside momentum, we also foresee a potential approach to lower levels, possibly nearing the weekly trend line, based on observed price action.
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4hour Perspective. Showing a breakout
