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Gold holds on to its bounce
With gold having bounced from $1236, the price maintained its gains yesterday, and so far dips back towards $1250 have also found buyers.
A move above $1261 would open the way to $1270, $1276 and then $1285. A move below $1250 would indicate another test of the post-December 2015 rising trendline, and then $1236 would come into play once again.