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Gold has moved lower in trading today – moving down after some technical selling clues noticed yesterday (see: Forex technical trading: Gold looking soft. Will the sellers take back control? ).
The fall today has seen the price move back toward the 200 day MA (green line in the chart above) and the 38.2% of the move up from the January low. The 200 day MA comes in at 1252.86. The 38.2% comes in at 1254.42. The combination should attract some buying on the first test at least with stops below.
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