GOLD - Bearish movement to 3190 and Then...

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GOLD OVERVIEW

Gold is in a bearish Movement as long as below 3218, driven by strong selling pressure below 3218.
Price is expected to get to 3190 before any bullish attempt.

Scenario 1 (Bullish Recovery):
Stability above 3190 may lead to a rebound.

Scenario 2 (Bearish Continuation):
A 15-minute candle close below 3190 would open the way to 3169, then 3151.

Pivot Line: 3218
Support: 3190 / 3169 / 3151
Resistance: 3227 / 3237 / 3265

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