GOLD technical picture & outlook for August 28, 2014

Gold has been trying to form some base above $1280 in the last couple of days. This morning the metals complex is very strong. A close below $1275 would open the way to $1240. Only prices over $1295 will make us hope for a retest of the recent 1320/1325 highs. We are flat now.

GOLD_20140828

Chart courtesy of Investing.com. http://investing.com

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