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Gold recently broke the strong support level 1790.00 (which is the lower boundary of the sideways price range inside which the rice has been trading from the start of July). The breakout of this support area accelerated the active downward impulse waves (iii) and 3 – which belong tow wave (C) from May. Given the strong non-farm payrolls report and the resultant strong USD bullishness – Gold can be expected to fall further toward the next support level 1751.50 (previous monthly low from June
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