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GOLD may correct from 2720

GOLD on the background of high economic risks is rising breaking through the barriers and realizing consolidation in the rally. The price is heading towards a strong liquidity zone, which is quite capable of stopping such a strong growth, which is now forming.

Scenario: All eyes are on 2721. A false breakout or consolidation below the level (reasons for a rebound) could trigger a correction to 2688 (0.5 fibo), or to the base of the broken ascending channel.
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