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GOLD (XAUUSD): Important Bearish Breakout

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Quick update on Gold....
As we discussed yesterday, to wait for a breakout, the price of gold finally broke and closed below an important intraday support level after consolidating.

Upon retesting this broken support, there was a strong bearish response, leading me to believe that the market will continue to decline.

The next support level to watch for is at 2896.

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