📊 Gold Market Update
Gold prices slipped during Asian trading as rising oil prices and ongoing U.S.–Iran tensions weighed on market sentiment ahead of the ceasefire deadline.
🔍 Technical Outlook:
• Strong rejection from key resistance at 4875
• Market is entering a short-term corrective phase
• Immediate support at 4750 — a break below could trigger further downside
• 12 EMA crossing below 52 EMA signals growing bearish momentum 📉
⚠️ Overall bias remains bearish unless price regains strength above resistance.
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