The gold bulls have a difficult decision to make now. The price yesterday completed a closing breakout above $1224 (only just at $1225.20), however the daily candle posted was rather unconvincing with a close well into the lower half of the daily range as the price fell away into the close. I have been talking previously about the RSI pushing above (and holding above) 60, but for now the move is again reflecting a struggle for the bulls to convince.

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