Gold Pattern Formation

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This commodity has been on a bearish momentum for the past few days, before a small pullback to 2570 zone.

It has been forming a head and shoulder pattern and I do anticipate that the commodity might complete the pattern before resuming with the bearish momentum.

It might pullback to around 2630, before now retracting to 2300.

Let us wait and see if by the end of the day if it will close above 2580.

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