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Gold – Bulls eyeing $1350/Oz

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold’s repeated failure to breach 100-DMA support earlier this week followed by a sharp rise on Wednesday and a day end close back above 100-DMA suggests the metal has switched gears and is heading towards flag resistance of $1353/Oz.

A daily close above $1353 would mean a larger uptrend from the December low of $1047 has resumed.

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