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The Gold Bearish Engulfing Bar (BEEB) that was covered in yesterdays charts in focus blog here has seen price move lower during yesterdays sessions. Price broke the low of the BEEB and quickly moved lower into the next support area.
From this area we may see price move higher back to test the high of the range. If price continues lower the next major support area is the range low around $1552.
GOLD DAILY CHART
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