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Gold rebound unlikely to last
Gold is attempting to regain some ground following a strong move lower yesterday, continuing the wider sell-off in play over recent weeks.
The break below $1236 pointed towards further downside to come, which has ultimately played out perfectly so far. With the price moving higher this morning, we are likely to be looking at a retracement, and thus unless the price rallies above the $1199 level, further downside is expected.
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