Gold jumps $13, what’s next

Gold surges in broad commodity rally
Gold is up $13 to $1138.
Yesterday I a potential base in gold at $1118.
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"The technicals provide a few reasons for mild optimism here and the overall change in market sentiment could be good for gold once the waves of US dollar buying slow," I wrote.
There had been a second test of support at that level and it looked to be holding. Since then, gold has rallied more than $20 in a series of higher highs including at $10 surge in the past hour.

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