Gold is at an interesting intersection. Near longer term daily support trend line at backtest of broken trend resistance, a long with a stop loss just below trend support at 1277 or 1276 could offer a decent risk reward trade especially given the general markets are at frothy levels at the moment. Target to look for are a test of the bottom of the underside of consolidation at 1295, top of at 1307 and then 1322. 

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