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Gold fails to break below key support
Gold sold off from near the crucial $1236 level yesterday, with the wider bearish trend expected to come back into play given the respect of that crucial resistance level.
However, we have failed to see that bearish turn drive a move below the $1211 low set on Thursday. That move would be needed to continue the downtrend, while a rally up through $1236 would signify the potential for a rebound over the short term.