Here is an update on the price action. A small break today above the long term trend line and then back in between the upper trend lines.
I think it will break through in the next two or three days as gold rises towards a turning point of around $US1,485.
However, if it can't break the upper trend line decisively in that time and there is no good news released, it may retreat to 9.0 cents and close that gap.
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