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Will gold's rally continue?
Gold bulls have been having a better time of it lately, with a clear uptrend coming into play throughout January so far.
We are seeing a moderate pullback this week, yet further upside seems likely. The $1098 levels seems key this morning, with an intraday double-bottom being created should we see a close above that level.
As such, a closed hourly candle above $1098 would provide a bullish picture for the day, with trendline resistance (currently $1103), $1108 and $1111 in view.
However, a close below $1092 would provide a more bearish picture with $1089, $1085 and $1081 the next in view.