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Gold seeks to break higher once more
Gold saw yet another push higher yesterday, with the price reaching both trendline resistance and the notable $1271 resistance level. However, despite the subsequent retracement, it looks like we are set to see another move higher to challenge that level once more.
An hourly close above $1271 should see another leg higher for gold, with the bullish view only negated with a closed hourly candle below $1256.