Gold Technicals -: "The bullish momentum should remain in play for now - a momentum that is built by institutional speculators continuing to buy. Latest Commitment of Traders report showed yet more gains in Net Non-Commercial Positions which has increased by more than 13K contracts W/W. However, this would also mean that the bearish risk becomes even higher as it is clear that the institutional traders are the only thing that is preventing Gold prices from falling, and once these institutions hit their buying limits we should be able to see a significant bearish pullback."
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