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Gold has broken above $1700 in dramatic turnaround

Gold has broken above $1,700 in the last 48 hours and is now retesting support. Refer to the chart below.

To maintain its uptrend it needs to close above the day or week (or even better both) above $1,700.

Two weeks ago Gold had fallen 15% from $1,700 to $1,450. 

 

Gold daily chart from Dec 2019 to April 2020 showing breakout in gold and gold miners

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