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The current situation in gold is quite interesting because there has been a visible rebound and the local upward trend is maintained all the time. As long as we have lows higher and higher, the long positions are justified. In the case of breaking the marked line and breaking the last hole, we can expect a stronger downward correction and then the short position should be taken into account. Remember that today important data for the US that may strongly affect the price of the stocks.

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