The setback from 1223 on Monday from the flagged 1223/25 resistance area sees a more bearish theme resuming.
We still see a short/intermediate term bearish tone from the previous push below chart/ psychological/ retrace support at 1206/1200/1198 to leave the threat still lower into March.
Short-term Outlook - Downside Risks: We see a more negative tone with the bearish threat through 1191/90 for 1186/79.
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4 Hour Gold Future Chart (April 205 Contract)