Gold remains under pressure below the descending trendline and the 100 SMA, keeping the short-term bias bearish. The recent breakout above resistance near 4,350 turned into a fakeout, with price quickly rejecting the area and moving back below trendline resistance.

📍 Entry: Around 4,318

🛑 Stop Loss: 4,372

🎯 Target 1: 4,277

🎯 Target 2: 4,236

As long as price remains below the trendline and the fakeout zone, sellers maintain the advantage. A move below 4,300 could accelerate bearish momentum toward the stated targets, while a break above 4,372 would invalidate the setup.

#gold #xauusd

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