Gold (GLD) Manages to Hold Above Prior Low

Remarkably, the GLD managed to hold just above its prior low (60.30) yesterday, and has since turned up from 60.32 to the 61.40 area -- and appears to be laying the groundwork for a climb to test key near-term resistance at 62.70, which must be hurdled to trigger higher projections into the 64.50-65 target zone. Only a failure to continue to rally followed by a decline that breaks support at 60.30 will wreck today's constructive action.

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