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#XAU
Gold technical analysis
Gold started a continuous downtrend from the high point of 4168. During the session, it directly fell to around 4028 at the lowest point. The whole move provided a downward room of more than a hundred points.
At present, only a drop followed by a rebound can repair the damage. Guessing the bottom is still too early. The near-term resistance above is seen around 4060, and the rebound remains bearish.