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Gold: Support at 1151.00/1147.10, resistance at 1166.20/1170.60

The gold price remains under pressure completing a third daily close below the old support at $1168.25. The old support around $1168 is becoming new resistance and with the trend your friend, we must still expect a continued retreat back towards a test of the $1142.90 low and likely to be a move back towards $1131.85. The daily momentum indicators […]

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