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TradeWithKnowledge
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GOLD ANALYSIS(16 DEC/24): Market shift into a short-term downtrend after breaking the upward trendline, signaling bearish momentum. A clear bearish order block formed, suggesting sellers are in control. Price is also showing a fair value gap (FVG) on the way down, which could attract a retracement to fill the imbalance before continuing lower. The overall structure is bearish, with price making lower highs and lower lows, indicating the potential for further downside. Watch how price interacts with the order block or FVG for confirmation of the next move. #tradewithknowledge #GOLD_UPDATE #Forex #forextrading #XAUUSD
GOLD ANALYSIS(16 DEC/24):

Market shift into a short-term downtrend after breaking the upward trendline, signaling bearish momentum. A clear bearish order block formed, suggesting sellers are in control. Price is also showing a fair value gap (FVG) on the way down, which could attract a retracement to fill the imbalance before continuing lower. The overall structure is bearish, with price making lower highs and lower lows, indicating the potential for further downside. Watch how price interacts with the order block or FVG for confirmation of the next move.

#tradewithknowledge #GOLD_UPDATE #Forex #forextrading #XAUUSD
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