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Gold pushing higher
Gold has pushed above the downtrend line off the July highs, so now we see if it can hold this level. A close below the trendline, back below $1265, coupled with overextended stochastics, could mark a bearish development, with a drop back to $1250 or lower possible.
If $1265 holds then we look for a push to $1280 and then $1295.
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