Gold Outlook

Gold continues to consolidate between 1315 and 1325, with bears managing to keep prices at the previous weeks lows for a second week in a row. As it stands, support is at 1315 with 1310 and 1305 providing additional support before the key 1300 support level. To the upside we have resistance at 1325, with targets at 1330, 1335 and 1340.
xau 30-08

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