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Gold still retreating
Gold’s retreat goes on, returning to test key support at $1264. A break below here could see a push to the $1240 area, and would likely run into the 200-day simple moving average (SMA) at $1239.30 as well.
A bounce from $1264 would need to push back above $1295 to maintain the uptrend, A daily close below $1220 is needed to create a new lower low.
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