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Gold continues to push higher
After stumbling at trendline resistance yesterday, gold is in the ascendant once more. The hourly chart provides one of those trends that demonstrates the strength of trend-following and adding to winning positions.
The next stop looks to be $1295, the highs from April, and then on to $1307. A drop below $1260 is needed to end the sequence of higher lows and higher highs.
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