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Gold, Morning Thoughts
Yesterday's suggestion of 4787 heading south, although the price nearly touched the entry point, showed the pressure at 4800, letting us know that going south is the correct and more advantageous move.
Next, the trend remains downward. 4700 has already broken support, and the next target is 4650, which we will not waver from. As long as the market rebounds, it’s giving us opportunities; continue shorting under the pressure of 4800.
Short around 4767, targeting 4650.