🚨 Another support is collapsing… Are we approaching 4667 soon?

🚨 Gold is currently falling rapidly from strong peaks to a sharp downward wave: after a clear and gradual rise, the price started to lose momentum at the peak and then entered a series of long red candles, reflecting strong selling pressure and a quick exit of liquidity.

🚨 Currently, the price is around 4799, and we have a nearby level at 4667 appearing as the next support area. Since the drop has been violent and with extended candles, the possibility of visiting 4667 remains very likely if the same momentum continues and no strong rebound or clear reversal candles appear.

🚨 Losing support at 4667 will lead us to another strong support, and it is very likely that the price will bounce from there at 4605 dollars, otherwise the series of collapses will not stop.