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Gold consolidating after recent rebound
Gold has been driving higher over the past week, with the price hitting a one-month high on Friday.
Due to current consolidation, there is a chance we will see another move higher before long. That being said, while there is a chance of further upside, we are moving into a resistance zone which could slow the ascent. With that in mind, watch out for a potential respect of the descending line above which has been transposed from the lows in February and March.