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Gold - is the current rally at an end?
Is a repeat of April at hand? In that month gold surged to $1295 before beginning a rapid decline. Yesterday saw the price fall from this resistance point, but it is surely too early to worry that the current rally is at an end.
We would need to see further declines below $1280 to become more negative in the short term. A surge beyond $1295 will take it to $1307 and on to $1350.
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