The sellers are currently dominating the market, and it is predicted that if this trend continues, there will be a significant decrease in gold prices in New York. It is advised to analyze the occurrences from the previous day's gold trading session in New York. If the sellers are unable to break the 2450 mark today, it is likely that buyers will push the prices up to 2490 - 2500. It appears that there is a period of consolidation on the 4-hour timeframe.
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