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Gold sellers appear to have control
Gold established a clear area at $1220 as resistance and has now slipped below $1200. The price attempted to rally from the lows yesterday but was unable to maintain momentum so now looks at risk of heading towards $1174 and potentially lower.
Unless we see a move back above $1200 and then a close above $1220 it looks like the sellers are in charge, with rallies continuing to be sold.