OVERVIEW MARKET CHART M30 11/20

1. Current Context
Gold is trading around 4,071, sitting right above the 4,068–4,071 intraday support zone.
Price recently tapped the descending trendline and got rejected, showing short-term selling pressure.

However, the broader structure still remains in a wide sideways range, not a strong downtrend yet.

Stronger demand zones sit lower at 4,041 and 4,009.
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2. Price Action at 4,071
Currently gold is:
• Retesting 4,068–4,071 support
• Showing lower wicks → light buying pressure
• Still trading below M30/H1 downtrend line

This suggests the probability of sideways movement – accumulation – or a small bullish retest is high.

📌 If 4,068 breaks → price may head to 4,056 and then 4,041
📌 If 4,071 holds → price may bounce toward 4,077–4,080, possibly 4,085
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3. Conclusion (Real-Time)

👉 No BUY yet – wait for confirmation at 4,071
👉 No SELL yet – only sell if price closes below 4,068
👉 Low volatility – prioritize safety