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Gold remains bullish
We saw our first real pullback in gold yesterday, as the price dropped from $1264 to $1246, creating a new higher low and staying well above the trendline established earlier in the week.
It is likely that we will see buyers return, with a push back towards $1264 and higher opening the way to $1280 and $1300. Only a drop below $1240 really imperils the bullish move.