Gold clearing 1,300 medium term resistance opens the way for a new and higher trading range. Gold will continue to find underlying support from geopolitical risk and more importantly if the DXY breaks below the all important 92 support. Global growth expectations will play a role in how gold trades above the key 1,300 support (old resistance). When gold rises by one dollar gold mining shares are geared to rise by 3 dollars typically. Now if gold rises moderately as global equities...(continued)
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