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Gold sees some signs of life
Gold’s recovery above $1195 is possible good news for the bulls, since it creates a higher low from the $1160 nadir in mid-August.
From here, $1205 and then $1214 come into play as resistance, followed by the 50-day simple moving average (SMA) at $1218. A close below $1180 is needed to reignite the move lower.