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Gold, Midday Thoughts
The price trend from last week until now has been so weak that I don't need to say much; I've been bearish since last week up to now. This is solid. This week, I expect it to fall to 4600.
It's about seeing the daily chart's lower band support near 4600, then heading south to this support level before choosing to go north. In other words, first look for a decline to 4600, then discuss going north.
Short around 4733, targeting 4600.