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Another retracement for gold
Gold is rising in what looks like another retracement, similar to that seen yesterday. There is clearly a risk-off sentiment rushing through financial markets thus there is a chance this retracement could extend higher.
However, we would need to see an hourly close back above $1244 to think this is anything other than a retracement. Key resistance levels to watch in the meantime are $1234, $1236 and $1239.