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GOLD (XAU/USD) Breakdown Imminent: SK System Signals Further Dow

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The 4-hour chart for GOLD (XAU/USD) shows the price is currently testing a critical support zone around $3,224.18, which aligns with previous swing lows and a confluence of technical factors. The SK System, which combines price action, support/resistance levels, and momentum indicators, highlights the following key observations:

Support Zone: The price has reached a strong historical support level near $3,224.18, where buyers have previously stepped in. This zone is further reinforced by the nearby psychological level of $3,200.00.

Prediction:
Bearish Scenario: A decisive close below $3,224.18 with increasing volume may extend the downtrend toward $3,150.00 or lower.

Feragatname

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