It was a great trading week last week, Gold might retrace a little but overall we have a bear trend on gold. We might see gold going to touch $1256ish and then rise back near $1280ish. Unless the bear trend continue and break the long term trend at support level $1256. I am just going to watch for a little while and react as per market behavior. Keep your trades hedged or cover them up as we have few important announcements next week.
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