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Expect XAUUSD to retrace to US$1,284-1,294 levels

LOCO London gold reached its peak of US$1,365.489 for 2018 on April 11 and performed a mean reversion to the low of US$1,159.468. It subsequently broke the all-important mark of US$1,300 on May 15. Bearish sentiments ushered in a substantial wave of selling thereafter. The strong move downwards...