The question that users of financial spread betting are asking at the moment is where next for Gold?
Last week, August Gold managed a small gain for the week of 0.22% but there were signs that the market was getting tired and was possibly forming a lower high at the resistance area around $1220. As we had written in this week’s weekly update the long term trend remains up and will continue to be so as long as support around $1170 holds.
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