Gold should soon test the long term uptrendline near 1,294 and a break below here will confirm that an important top is in place with the test of 1,430.95.Take a look at the top-formation in gold and the look below at the possible top in copper.
A break below 1,294 should open up for a decline to at least the 1,143 - 1,153 area.
If however the uptrendline protects the downside for a new rally higher towards the top at 1,430.95 if that is the case, then we can with almost 100% certainty expect gold to rally much higher.
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