Gold rebounded sharply from six-month lows near $4,022 to $4,200+ following easing US-Iran tensions. Technical analysis shows bearish trend intact. Key resistance at $4,240-4,280, support at $4,050-4,100. Strategy: sell on rallies.
Gold prices broke below critical $4,380 support on June 10, forming a bear flag continuation pattern. Technical breakdown suggests further downside toward $4,200.
Gold faces selling pressure after Fed hawkish hold. XAUUSD trades near $2,330 with next support at $2,320. A break below opens $2,280. Resistance at $2,380 and $2,425.
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