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As we see is that that price has finally come down to a very strong support level. As the price has been pretty bearish for quite a while it's due for a reversal. New Year New Trend?!
As we can see that GOLD has been very Bullish For the past a couple weeks and It is Due for a retracement to the downside. By looking at the trend lines we can see that it has fallen under and old trend line and has been respecting it completely.