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Gold could see $1224
The price continues to move back from the overnight high, testing the area around $1100.
While hourly indicators are rather extended to the downside, it looks as if a close below $1095 would suggest the early 2016 bounce has run its course. This would then suggest a move back to $1085 and then $1078.
A recovery of $1110 would point towards targets around $1115 and then $1224.