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Gold has bounced off the downtrend resistance line this.The commodity needs to hold below 1070.59 level, being the Pivot Point if the price action is to continue the downward move.The initial downside target is 1064.35, being the 1st pivot support level Should this target be reached, Gold could extend towards 1060.05 mark.If the metal fails to maintain the downward momentum, a reversal and trading higher could potentially unfold.If this scenario was to occur, the target for next month is 1084. w…
