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Gold turns towards trendline resistance
Gold managed to bounce back sharply yesterday, with the bearish connotations of a break below $1254 being averted, for now.
With the wider market perspective looking like we could top off soon, it is worth keeping an eye out for a potential bearish reversal signal. That would come with a break below the $1257 mark. Until then, a break above $1273 would point towards another leg higher.