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Gold Makes a New Low and Bounces

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Gold futures, which have been weak for most of the day, made a third attempt to breach the 1280 level, but found buyers at 1282.40 around 1:00 PM. Since that time, the contract has slowly rising and has found minor resistance at the 1291 level.

Posted-In: Technicals Commodities Options Intraday Update Markets Trading Ideas

 

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