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Gold, the 4-hour rebound bear flag channel has broken down, all rebounds are traps for bulls, bearish trading only.
Clear resistance levels above:
4748.44, 4801.17, 4827.54
The structure has not shifted to bullish, and the news is just fueling the fire.
A rebound to the resistance area is the entry point for short positions.
Breaking below 4700 has already confirmed the strength of the bears,
Any rebound now is just an opportunity to enter better short positions.
Don't try to guess the bottom, just focus on shorting.