Gold ran into the lower end of the 1244-1264 resistance zone and sold off a bit. I don't expect too big of a retracement before we move higher. The recent up move has shown acceleration the past couple weeks. I look for Gold to dance sideways possibly for a few days before making a move through 1252. I think Gold maybe heading to the 1285-1305 area. If so, this could be a nice area to short. We will have to watch price action as it approaches this area for more clues.
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