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Gold sell-off likely to continue
Gold has seen a continuation of the weakness seen on Friday, with the continued creation of lower highs and lower lows. This morning has seen price rally into trendline resistance, which coincides with the $1330 swing low from Friday.
Whether or not price sells off from here, the key is the ability to continue creating lower highs and as such, a bearish view remains unless we see an hourly close above $1340.