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Gold finds some strength for now
Gold continues to hold above the $1205 lows of last week, but it has yet to give a meaningfully bullish signal on anything but the short-term charts.
A close above $1236 is still needed to suggest a near-term break higher is in play, one that might carry the price back towards $1260 resistance. Even here this may still prove to be a strong selling opportunity. The continued defence of $1205 gives some hope to the bulls, but a close below this level opens the way to $1195 and $1180.