The price of spot or cash gold was up around $20 an ounce this Friday morning to the $1,548 area at 9 a.m. ET. Gold prices can react quickly to global tensions as nervous traders cover shorts or jump to add to speculative longs. The leveraged futures market can make headlines and prompt calmer hands to react. Let's look at a few charts to see if this could be a flash in the pan or a more serious rally.
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