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Gold, Morning Thoughts
The short position at 4813 suggested yesterday only dropped to 4780.
The price did not continue to fall, but it also did not rise.
The resistance level above is at 4850.
As long as the price does not break through and stabilize above this level,
all rebounds are just for shorting at higher levels.
Stay firm on the short side.
Short in the 4845-4855 range, targeting 4750.