Gold Technical Analysis (Spot) - Prices broke resistance at 1297.75, the 38.2% Fibonacci retracement, and moved to challenge the 1334.08-49.27 region marked by the 50% Fib and a rising channel set from late June. A further push higher beyond that aims for the 61.8% retracement at 1370.40. The 1297.75 level has been recast as near-term support.
Daily Chart - Created Using FXCM Marketscope 2.0
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