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Gold prices have tentatively broken the........>

GOLD
GOLD: Gold prices have tentatively broken the steep downtrend that began on
Monday but have so far failed to show sufficient strength to suggest a reversal
pattern is in play. The metal currently trades at $1176.8.
- The Gold-Silver ratio, at 80.25, remains close to multi-year highs which is a
headwind to gold from a relative perspective but absolute perspective. A
reversal in this ratio, which is looking increasingly likely given the recovery
from silver panic low on Wednesday, have tended to be bullish for gold as they
silver prices have rallied dragging gold up with them. 
- A close above the 21-DMA at $1210.0 is needed to shift the focus higher. 

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