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Gold could move to $1200
Gold’s comeback this week has been impressive, even if it has not recovered even half the ground lost since early November.
The uptrend off the December lows is still intact so any dip, such as we saw on 3 January, should bring out fresh buying, with a move to $1200 eminently possible. It would take a move below $1150 to negate the current move higher.
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