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4.13 Midday Thoughts
The failure of US-Iran talks, escalating Middle East tensions, and rising oil prices continue to suppress gold prices. The market directly jumped over 100$ at the start of the session.
On the hourly chart, a large bearish candle has broken through the Bollinger bands. It is currently filling the gap.
Resistance: 4745/4765/4795
Support: 4700/4665/4633
Rebound: sell short around 4750, target 4730/15
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