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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Technical analysis: key levels for gold

Gold uptrend likely to come under pressure, with massive resistance up ahead.

Gold figure

Gold rallying into trendline resistance

Gold has been moving higher in a consistent manner over recent weeks, with the price now rallying towards a crucial area of resistance. With trendline resistance, and the key $1300 barrier up ahead, the wider downtrend in play throughout Q4 could begin to reverse if the price was to push through these upcoming hurdles.

As such, while we have a very clear uptrend in play, it is worthwhile noting that these resistance levels could be make or break for gold as we close out 2017. 

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