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Gold could attempt another bounce
Gold dip buyers got their fingers burnt yesterday, as the bounce from $1323 fizzled out at $1335. But it looks like another attempt could be in the offing, with buyers defending the $1320 level. A move higher from here targets $1335/$1337, then on back to $1358.
A move below $1320 raises the prospect of a drop back towards the post-July rising trendline around $1310.