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Gold consolidates after recent decline
Gold has the potential of another breakdown, with the price falling below some notable support levels. There is a possibility we could see another rebound in the short term, due to the price moving largely sideways.
However, as long as we do not break through the $1289 level, any short-term upside is likely to be fleeting, with a move back below the $1270 mark pointing towards a possible fall into the next $1263-$1265 support zone.
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