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Gold – Awaits breakout

OANDA:XAUUSD   Gold / U.S. Dollar
A bullish break from the triangle formation would open doors for a rise to $1270-1276 levels.

On the other hand, a failure to take/sustain above $1260 followed by a hourly close below $1260 could yield a breach of $1241 and a drop to $1220-1210 levels over the next few days.


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