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Gold attempting to regain ground from range support
Gold has declined into the bottom of its range this week, with the price reaching the $1303 support level from early March.
The ability or inability to break below that level would be key to determining whether we are going to see a bearish breakout or not. As such, watch for an hourly close below $1303 for a bearish signal, while a rally above the $1314 level would help build a more bullish picture.