Gold Could Move Up Into 1220.00 From Here – 5th January 2017

Gold Could Move Up Into 1220.00 From Here – 5th January 2017

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Gold – Gold bounces higher from long-term support

Gold has bounced higher over the last two weeks, after running into a key long-term support level down near 1130.00; a level we have discussed looking to buy near in our recent daily commentaries. We are bullish in the near-term on Gold whilst it’s above that 1130.00 level, and we will continue to watch for weakness / pullbacks, to be buyers, ideally on a price action signal. We see the potential for upside movement at least into 1220.00 area.

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