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Gold - no sign of pushing higher for now
We have seen gold falter at $1290 this week, with no sign thus far that another push higher is on its way. Still, the rally from the June lows is intact, so we need to see a conclusive break of $1270 to become particularly bearish on the commodity.
A close above $1300 will invalidate the bearish idea and raise the prospect of a move to $1340.