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Gold falling after spike into range top
Gold has been falling back following yesterday’s sharp spike towards the $1367 mark. That level represents the top of the range, which has been in play over the past three months.
As such, should the range persist, we will need the price of gold to continue falling from here. With that in mind, watch for potential further downside, where a break through $1367 would be required to signal a bullish breakout from this multi-month range.