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Gold rebound under pressure
Gold has turned lower this morning, with the price dropping into the crucial $1341 support level. A break below there would point towards a more bearish shift in gold, with $1333 being the next notable support level in view.
With the price creating higher highs and higher lows on the wider perspective, there is a good chance that such near-term downside would be to set up a deeper retracement, with the 76.4% level at $1330 coming into view.
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