COMEX:GCZ2012   GOLD FUTURES (DEC 2012)
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Gold price action had an explosive reaction to the Bullish break out above the consolidation wedge . Price settled clearly above 200 Day SMA and it is currently retesting an important resistance level at 1675 which is long term falling trend line . If the price breaks through that level with conviction the next resistance level could potentially be at 1720 followed by 1800.

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