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Gold's looking pretty choppy today, almost like it doesn't know which way to go. The 200 SMA is still a decent way off, so maybe there's room to fall further if we break this S2 level around 4648. RSI is hanging in the middle, giving no real clues. Gonna watch this for a bit before jumping in.
Actually, thinking about it, if we get a close below that S2 pivot, I might even risk a small short. Just a scalp though, wouldn't want to be caught in another reversal.