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Gold eyes $1140
The metal continues to stabilise after its heavy losses, moving into consolidation mode. For the moment it is not clear whether this will resolve into a move up or down; I would regard a close back above $1110 as a bullish development, at least in the short-term, with a possible target back up towards $1140, the March lows.
If we resolve lower from the current range then the 24 July low at $1177 becomes the target, which would also encounter support from the monthly descending trendline around $1175.