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Golds weakens towards key intraday support
Gold has been trending nicely to the upside this week, with pullbacks being greeted by further gains. This morning, we are seeing a similar pullback, yet we will need a break higher before long, as the price has got close to the key $1235 support level.
As such, a bullish view remains in play unless we break the $1235 support level, which would point towards a wider retracement of the rally from $1215.