Technical Analysis of Gold (XAU/USD) 15-Minute Chart

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The current price is trading around 2649. A focus on bearish potential below this level could indicate continuing the downward trend if it breaks down further.

A bearish outlook for gold below 2649 with the formation of a head and shoulders pattern coupled with a rising wedge is a significant indication to monitor. If the price tests and breaks below 2645, it could lead to further declines, reinforcing the bearish bias. Always remember to manage risk accordingly and adjust your strategy based on real-time market developments.

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