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Gold pullback brings buying opportunity
Gold has retraced once more, set within a rising wedge formation in place throughout the week.
With the price moving into trendline support, having hit the 61.8% retracement, there is a strong chance that we will see the price begin to rise once more from here. The rising wedge formation itself is a bearish pattern, yet we would need to see the price break below $1262 to negate this recent uptrend.