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Gold rebounds from $1214 support zone
Gold managed to break below the $1218 mark earlier in the week, providing a heightened chance of further downside to come.
However, with the confluence of support around the $1214 mark, we have seen a rebound come into play from a cluster of previous resistance levels. The prior sell-off points to this current rally likely being a retracement, yet with further upside coming into play, the short-term picture looks more positive for now.
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