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Gold back above 1200

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov note that gold has risen above the 1200 level.

Key quotes

"(It reached) 1230 resistance again, after unsuccessful attempt to break below 1180."

"If 1232 is broken the next resistance will be 1252."

"Weekly indicators are still bearish, daily ones show a recovery is going on, and H4 show that as long as we are below 1238 downside corrections are still possible, but we are bullish above 1225."

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