Gold dipped to an intraday low of 1862 highlighted on the previous post where the key trendline support sits from the March low to last week’s highs. A strong bounce has seen us back to a high so far of 1937. Support should sit back now at 1900 (yesterday’s low) with key resistance now at 1960. A close above 1960 would indicate a possible bottom has been put in at the rising trendline and momentum would be for a move back higher.

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