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Today, the key level that determines the overall trend is 4996.
As long as it holds above 4996, it can be viewed as a bullish pattern with target levels at 5030-5045.
Shorting gold in the 5048-5060 range is still possible, with target levels at 5010-5000.
If it breaks below 4996, the decline will continue to test the support levels I've marked at 4983-4968-4952, and could potentially lead to a significant pullback.
A break above 5080 could temporarily prevent sellers from entering the market.
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