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Gold prices struggled to maintain upward momentum, remaining capped below key technical resistance areas. On the 4-hour chart, a bearish trend line has formed with immediate resistance near $4,360, limiting further upside potential. Concurrently, other major markets showed weakness, with WTI Crude Oil falling below $100.00 and EUR/USD breaking below 1.1450.
This technical failure at critical resistance indicates growing selling pressure and fatigue among buyers. Traders are closely monitoring whether the metal can hold current support zones or if it will trigger a broader correction across foreign exchange and commodity markets.
Looking ahead, market participants should watch key price levels to determine the next directional move. A failure to clear resistance could lead to further technical pullbacks, presenting tactical opportunities for short-term traders.
