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Gold still looking positive
The recovery over the past week has seen the price move from $1180 to $1220, reversing the move from 24-27 January. Now the bulls need to post a daily close above $1220 to open the way to $1237 and then $1254.
A dip towards $1200 should see fresh bullish momentum, with only a move back below $1190 reversing the positive outlook.
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