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Gold News 2015.01.29

Gold markets as you can see had a slightly soft session on Wednesday, continuing to grind sideways overall after a very impulsive move higher. Because of this we believe that the market could pull back a little bit but it should only offer a buying opportunity as the market continues to look very healthy overall.

With that, we do not sell and we look at pullbacks as opportunities to pick up gold on the cheap. We believe that the $1250 level should be supportive going forward and that sooner or later we should get enough upward momentum to continue the uptrend that we have seen recently.

 

Gold Chart

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