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Gold pushing towards new 80-day highs
Gold has managed to bring itself back from the brink, despite falling below $1200 in late January. Crucially, we have seen price break back above the $1220 resistance, with a clear short-term uptrend in place. The current resistance to watch out for is $1225, which needs to be taken out to continue the recent uptrend.
However, it looks likely that we will see this uptrend continue apace. As such, a bullish view is in place unless we see a break back below $1207.