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Gold dips again – is the bounce just a trap?

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Hello traders!

After a quiet start to the day, gold has turned lower and is now hovering around the $3,300 mark. The decline in XAUUSD came as U.S. Treasury yields rose in response to strong U.S. economic data. The Fed is widely expected to maintain its current monetary policy stance during today’s session.

From a technical perspective, XAUUSD continues to form bearish structures and breakdowns. While a short-term bullish correction is currently underway, the bears still hold the upper hand — and selling opportunities remain the preferred strategy.

I’ll be focusing on two key entry zones marked on the chart, with a short-term bias favoring sell setups.
Do you agree with this approach?

⚠️ Please remember: This is just a trading idea — make sure to manage your risk properly with defined TP and SL levels.

Good luck and happy trading!
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