Gold held key support on the dip to 1900 today and bounced aggressively. The reason why this is important is: a) it's a major trend line from the March lows. b) it defined the bull/bear line in the market.
Ahead of the Jackson Hole symposium, that is important. And, while we are above 1900 we are bullish, below it and we could see a swift move back to the 1840 (38% retracement) level or lower.
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