Gold Holds The Line

Kitco.com reported that Gold Holds The Line:

Gold slipped 0.31% for the week and clung to important support at the $1,180 area. It looks like this pattern must be soon resolved.Another bear flag has formed and likely will be resolved lower seeing gold move to the $1,160 area unless the uptrend line can hold now.Any move lower should be relatively short. This is the time of year where gold tends to begin it’s strong move into the fall.

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