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On 23 November 2016, I wrote about the possibility of gold ($1212.00) testing the breakout level of $1100. In the following weeks, a $90 move lower took place but did not reach the charted target price. Three weeks ago, gold posted an inside week (IP) with this week completing a pivot point reversal.
During this time, Australian dollar gold price also crossed back over $1600/oz and is now putting the Australian gold producers in a far better place.