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Updated Fibonacci short-term short position take-profit at 59. You can hold toward the extension level, but need to reduce your position. The extension level is also where those willing to stop out will battle for a strong rebound. This kind of level generally rebounds once hit; if there is no reaction, it means it will break through immediately, so operate without hesitation. Unemployment claims are due today; watch out for extreme market conditions. $XAUUSD