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GOLD: 'Shooting Star' led to decline

GOLD: 'Shooting Star' led to decline

Information is not investment advice

The last 'Shooting Star' led to the current decline. However, there's a 'Doji', which has been formed above the lower 'Window'. Thus, it's likely to have a local upward correction towards the previously tested resistance at 1309.58. If a pullback from this level happens next, there'll be a moment to have another decline in the direction of the nearest important support at 1259.97.

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