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Lambert: Why I don’t think gold rally will last

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Clive Lambert from FutureTechs believes a rally in gold on Thursday, when prices went above USD 1200, is a selling opportunity and here’s why

Based on charts, Lambert says gold is unlikely to break above strong resistance at around USD 1202-05. Lambert is looking to sell at around USD 1200 with a stop above 1205 and his targets are USD 1176 and USD 1162.