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Gold slips back again but weakness remains a chance to buy, for now

From hmarkets.com

There is a sense of two steps forward and one step back on gold right now as the traction of the breakout is again curbed. We remain bullish and see weakness as a chance to buy, as the technical and fundamentals are all aligned in pointing towards further gains in due course. However, the near term positive outlook continues to stutter. This does lend some opportunities to buy though and holding above $1722 we are still confident of the current bull run higher. Fundamentals/Newsflow Gold has been tentatively testing higher through this week, but again is just coming up short of a decisive move. We feel that this may ... (full story)

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  • Category: Technical Analysis