Gold Outlook (XAU/USD) – Bearish Bias
Rejection at the 200 SMA (4H) and break below 38.2% Fibonacci supports downside.
RSI ~38 and MACD negative → weak momentum, limited recovery potential.
Key support: $4,494
Next levels: $4,401 → $4,268
Bias: Bearish below resistance; further downside likely if pressure continues.
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