Gold is shining again

China ramps up gold buying spree. Increase to almost 43 tons as holdings climb.

GS says demand by central banks support prices.

So far nice bounce on the 1280 support, let´s see if gold takes out 1300 this time. If 1300 taken out, then next resistance at 1320.

Chart: Used with permission of Bloomberg Finance L.P.

 Trader Georgi Bozhidarov

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