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$1050 is the Current Price Level to Watch for Gold

|Includes: GLD, Randgold Resources Limited (GOLD)

$1050 is a key gold support level I'm watching. We recently had a bounce off it. To preserve the strong upward trend in gold, I would like to see this support level hold. the next support level after this is $980.

to the upside, my next target is $1250, however I will be looking more closely at price action for signs of exhaustion in the bull trend.