Spot Gold (XAUUSD)

Spot Gold (XAUUSD) might have bounced a tad on the back of China rate increases, but if it is to turn bullish, for us a rally above 1386 is required. There is risk in the chart today, and if 1360 fails to hold there could e a swift correction back to 1352-1354. Near term resistance stands 1364 or so, then 1367.90.

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