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    Gold: range-bound within bear trend; break lower expected

       Gold is in a range-bound box pattern within a broader down-trend. The consolidation is expected to eventually break lower, and a bearish doji/shooting star pattern has formed reinforcing this forecast.

    A move below the bearish candle lows at 1080.59 would probably confirm a continuation down to an initial target at 1066.87.
    GOLD05

       
    Gold is in a range-bound box pattern within a broader down-trend. The consolidation is expected to eventually break lower, and a bearish doji/shooting star pattern has formed reinforcing this forecast.

    A move below the bearish candle lows at 1080.59 would probably confirm a continuation down to an initial target at 1066.87.
    GOLD05


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