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New All Time Low

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There really isn't much to say here except that the all time low price of 80p has been broken so there are no supports to target. Spot gold is still in a downtrend but getting closer to the key $1170 area where it should bounce, taking POG's price with it. 

Where from though is anyone's guess. Best now to wait for a bounce and then a higher low and then trade the 123-low breakout.
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Guest Thursday, 11 August 2022