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Gold: Will Upward Pressure Continue?

From dailyforex.com

Gold was all over the place during the trading session on Friday as the jobs numbers came out lower than anticipated. Looking at the shorter term charts, the market had initially swung all the way up to the $2,323 level in the $2,275 level and then turned around to basically close in the middle of the day at the middle of the candlestick. So, a lot of noise for no particular reason. It is interesting to note that we are right around the $2,300 level and that of course is an area that a lot of people will pay attention to as it is a large round psychologically significant figure. That being said, if we can take out ... (full story)

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  • Category: Technical Analysis