Gold Outlook – Possible Macro Correction Ahead

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Gold Outlook – Possible Macro Correction AheadGOLD (US$/OZ)TVC:GOLDTTM_2022Gold is showing signs of exhaustion near the recent highs around $4,226 – $4,270. If price fails to break above this zone, a deeper correction becomes likely. šŸ”½ Key Downside Levels: • $3,762 – $3,720 (first reaction zone) • $3,515 – $3,460 (major support zone) The structure suggests a potential lower-high formation, followed by a continuation to the downside — unless gold can reclaim and hold above the highlighted resistance area. Scenario I’m watching: Rejection → Drop toward $3,720 → Short bounce → Continuation into deeper support. Not financial advice — just sharing my chart.