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Gold rallies overnight
Gold has continued to rally following a bounce from a descending trendline dating back to June 2013.
We are seeing price drift lower somewhat this morning, yet the likeliness is that we will create a new higher low to then extend this bounce we are seeing.
The overall bearish view would return with a close back below $1066, yet until that happens, a move higher remains likely, with a close above $1079 the indicator of further upside.