By Jim Wyckoff Comex gold futures prices are experiencing a moderate downside technical correction from the large gains scored on Friday. Such is not surprising given the magnitude of Friday’s price gain in gold–in excess of $60.00 an ounce. The gold bulls still have some upside near-term technical momentum on their side after Friday’s advance, but do need to show some follow-through price strength soon to keep it. August gold last traded down $10.00 an ounce at $1,612.00.

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