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Gold DECEMBER 2020 – approaching a price line that has been previously tested numerous times in the past

Gold DECEMBER 2020 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 2 days and may test it again within the next 6 hours.

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We expect a $171.376 movement on GF within 4 hours following the release of Continuing Jobless Claims.

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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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