Game of Inches for Gold
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Spot gold has popped above its March-April resistance line in the vicinity of $1663, but as yet has not accelerated to the upside towards a test of its next key resistance area at $1680.
A close above $1663 will be considered technically significant -- and constructive for upside continuation -- while a close beneath the resistance line could be construed as a failed attempt to break out to the upside.
It's a game of inches now for spot gold and the SPDR Gold Shares (GLD).
