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Gold starting to weaken once again
Gold is showing signs of weakness once more, following a rally through trendline resistance.
However, with the 200-day simple moving average (SMA) and $1217 swing high still to overcome, there is a chance we will see the price of gold turn lower again. Watch for the ability to break through the $1217 mark as a precursor to further upside, with a strong possibility of weakness until that occurs.
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