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continues to be struggling to remain above $31,000.
Whereas a decent consolidation close to the overhead resistance is a optimistic signal, the failure to rise above it could lead to short-term liquidations. Nonetheless, a shallow pullback shouldn’t be thought of a development change as a result of, many instances, the bulls take a step again to regroup and launch one other assault on the resistance. If the barrier is overcome, the optimistic momentum picks up.
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