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Gold rally slows
The strong rally in gold has eased somewhat, with a pullback to $1360 looking like the potential backstop to this retracement. Ultimately, we remain within a clear uptrend and as such, the bullish view still holds.
A break and hourly close below $1360 would provide a more neutral bias, yet until that happens a move back to and through yesterday’s high of $1375 seems likely.