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Gold experienced a strong bullish wave, breaking above the critical $4,500 resistance level before encountering selling pressure. Technical indicators on the 4-hour chart highlight a key bullish trend line forming with immediate support near $4,465. Meanwhile, WTI Crude Oil struggled to clear the $88.50 resistance, leading to a slight correction, while Bitcoin encountered overhead resistance after reaching highs above $80,000. The pause in Gold's rally signals a potential shift in market momentum as short-term traders take profits near historic highs. With key support zones now in focus, traders are assessing whether this pullback is a temporary consolidation within a larger uptrend or the beginning of a deeper technical correction across major commodities and risk assets. Moving forward, market participants should closely monitor price action around the $4,465 support level for Gold and $88.50 for WTI Crude Oil. Sustained moves below these key technical thresholds could confirm further downside pressure, while a rebound would reignite momentum.
