XAUUSD: Gold Spot: near term rally within medium term downtrend

Gold has broken down and should hit 1201 next week. But in very near term it's staging a minor rally within what is now developing into a medium term downtrend. Levels to watch today. PLEASE check CRB index comment if you trade Gold. It will help you understand and stay on the right side of the bigger picture...

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Holding up at 1226. close out shorts

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sell again on break below 1225 or from higher up as per comment if we get the anticipated near term rally from here