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Gold - still a chance of a move higher?
It has not been a great week for gold bulls, with a bounce to $1255 fizzling out. So long as $1240 holds, then there is still the chance that we may see a move higher, but it will need a close above $1255.
From there, the price could target $1263 and then $1270. A close below $1240 would be the bearish development and could open the way to $1234 and then $1215.