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Xau/Usd – Gold
The price of gold continues the depreciation and confirms the signal seen yesterday here on the blog. Price rejection of the 1,735 .00 key level and daily closing at 1,725 .00 area. The price has all the potential to reach up to $ 1,700. So, in the short term the down trend is still short. From 1,700 .00 you could look for some price action naked LONG signals in line with the medium-long term momentum.
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