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Gold plunged after breaking below trendline support, with the first support at the tip of the previous wick at 4100 and the second support at the VWAP at 4024
We are not far from the bottom now, but the process is bound to be painful, as the consolidation in June–July makes clear
At the very least, wait for a bullish divergence on the 4H chart before the decline can stop; only after a right-side breakout above the falling VWAP can we turn bullish again