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Gold JUNE 2021 – approaching a price line that has been previously tested numerous times in the past

Gold JUNE 2021 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 7 days and may test it again within the next 2 days.

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We expect a 101 pip movement on SI within 48 hours following the event release.

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After testing support twice in the past, US30 has finally broken through. Can we expect a bearish trend to follow?

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