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GOLD IS SHOWING SIGNS OF DISTRIBUTION
Gold has bounced multiple times, but the structure keeps producing lower highs.
$5,400 → failed breakout
$4,800 → buyers stepped in
$4,500 → another dip-buying attempt
The important part: no confirmed higher low yet.
That keeps the broader setup vulnerable to another leg lower.
Key zones I’m watching:
• $4,000–$3,800
• $3,400–$3,200
I’m not interested in chasing every dip. If the second zone is reached and the market shows a real reversal signal, that’s where I’d become more interested in accumulating.
For now: protect capital, watch the structure, and wait for confirmation.
$BTC $ETH $XAUT $PAXG #USEarningsSeason