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Gold has fallen back into its downtrend........>

GOLD
GOLD: Gold has fallen back into its downtrend after briefly hitting 1235.3 in
early Asian trade and threatening to break out to the upside. The metal trades
near its daily low of 1229.3, with uptrend support from the July 19 lows coming
in at 1224. 
- A break below this level would likely lead to an acceleration in the metals
decline, particularly as US real yields continue to push higher. Bulls would
need a close above 1235.3 to give them some breathing room, and a move above
1240 to suggest a potential trend reversal. 

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