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Gold sell-off hits the buffers
Gold has been selling off sharply since rallying towards the range top of $1367, bringing about a heightened chance of a move back into the $1310 region.
However, with the price starting to turn higher, there is a good chance we will see further upside in the near term to retrace some of the downside seen over recent days. As such, look for short-term gains, with the bearish view coming back into play with either a deep retracement or an hourly close below $1333.
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