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Further gains for gold?
The price of gold held above the descending trendline that it broke on Friday, so the way may be clear for further gains, up towards $1280 and then $1296.
It would take a move below $1264 to make the outlook here more bearish, while longer-term the price needs to clear $1296 to create a new higher high and put more fight into the post-December 2016 rising trend.
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