Gold Approaching Recent High For Move

Gold futures are trading higher by $15 at $1180.80 in Wednesday's session. After making five consecutive lows between $1158.60-$1163.20, the contract found support ahead of that area at $1165.30 in today's session. The ensuing rally has found some resistance ahead of its October 16 high ($1184.80), only reaching $1183.10. The high for the recent rally in the metal was made on October 15 at $1191.70.

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