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SEB: Gold extending the decline - eFXnews

FXStreet (Łódź) - The eFXnews team remark that SEB points to further losses in gold price.

Key quotes

"The hourly bear triangle has now been exited and the yellow metal is accordingly making new trend lows."

"Following the textbook the primary target for the past hours decline should be the 1150-area."

"Thereafter a bounce back to the 1175 area looks likely."

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