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Back Technical analysis
XAU/USD Price Analysis and Forecast: Bearish Potential Remains
Gold (XAU/USD) is struggling to halt
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Gold (XAU/USD) is struggling to halt its decline, holding just above the psychological $4,000 level while showing limited price movement.From a technical perspective, repeated failures to break above the 100-period Simple Moving Average (SMA) on the 4-hour chart continue to reinforce the bearish outlook. Consolidation below the psychological $4,000 level could serve as a trigger for a further decline.The MACD remains slightly below the zero line, suggesting a weakening bearish momentum rather than the formation of a sustainable reversal. At
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Irina Yanina,
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