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$xau
The #GOLD daily chart shows price reacting near a major resistance zone around 4242–4357, with a potential corrective structure forming after completing an ABC wave. If price fails to break above the resistance, a downward move toward the first support zone at 4060–4040 is likely. A deeper correction could extend to the second support zone at 3925–3885. However, a bullish breakout above resistance may trigger a strong upside continuation.