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Gold has been in the spotlight since June when it broke out to the upside above its critical resistance level at the July 2016 high of $1377.50 per ounce. That price stood as a line in the sand on the upside for the precious metal for almost three years before it finally gave way. The price rallied on the back of falling interest rates in the US and around the world. The escalation of the trade war between the US and China was also a supportive factor.