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The price did move as low as $1320 yesterday, but the recovery above the Tuesday/Wednesday low of $1330 will be encouraging.
Dips such as that seen over the past few days have been taken as buying opportunities in gold’s steady leap higher, and if another bounce occurs we look to $1350 and then $1375 as upside targets.
A break back below $1330 would head towards the Thursday low at $1320, and then on to $1305.