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Gold regaining ground from trendline support zone
Gold has been recapturing ground following a fall into the confluence of two trendlines around $1267. Yesterday saw a move lower, providing us with a near-term swing high ($1282) that needs to be broken to give us a signal that we could be in for a more protracted period of upside in gold.
With that in mind, watch for either a break below $1267, or above $1282 to provide the signal of where we are likely to go from here.