Gold retraces after sharp rally
Gold is pulling back following a spike in the wake of the FBI-Clinton announcement on Friday. This managed to bring the uptrend back into play after a brief foray below the key $1265 mark.
We are now seeing a retracement which looks like it will provide us with an opportunity to get long once more within this uptrend. As such, a bullish outlook remains unless we see an hourly close below $1262.