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Watch to Watch - Gold Bearish Head and Shoulders
GC1!
, 60
GC1!: Watch to Watch - Gold Bearish Head and Shoulders

With the recent strength in US equities, the long gold trade may be over. Gold broke below a key trendline and formed a distinct bearish head and shoulder pattern signifying possible downside pressure coming up today and into the next week. Definitely worth watching for futures traders. First target with a break lower would be around $3240 with a lot of downside...

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