By analyzing the #Gold chart on the 2H timeframe, we can see that this is a completely new outlook for Gold. After dropping to the $3958 region yesterday, buyers stepped in and triggered a strong recovery toward $4093. While this rally has been impressive, it is still relatively small compared to Gold's broader decline from around $5600 to $3958.
After reaching the key supply zone between $4092 and $4125, Gold experienced a minor pullback and is currently trading around the $4085 region.
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