Gold Daily Technical Outlook

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Comex Gold (GC) Gold's rally extends further to 1182.4 today so far and remains firm. Short term outlook will remain bullish with 1156.3 minor support intact and gold should now be targeting 1200 psychological resistance first. Break will target next medium term projection level at 1258 next. On the downside, below 1156.3 will indicate that a short term top is in place and bring pull back. But after all, downside is expected to be contained well above 1072 resistance turned support and bring


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