Gold still comfortably trending higher

FX:XAUUSD   Gold Spot / U.S. Dollar
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Despite the sharp pullback from the recent 1263 high to the recent 1190 low, Gold             is still trending higher within it's short term bullish channel , whose support line currently stands at 1180. This also corresponds to 38.1% of the rise from the December 1046. As such the short term trend stays bullish above 1180.
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