COMEX:GCZ2012   GOLD FUTURES
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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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