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Gold still on the up
The price of gold continues its move higher, with the drop yesterday merely providing another entry point for longs. The $1225 area may provide some resistance, but above this the $1236 area comes into play. A move back below $1214 would target $1204 and $1195.
However, the steady rising trend seen since the August low would suggest that pullbacks towards $1200 remain buying opportunities.
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