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Gold: Markets Continue Sideways Grinding

From dailyforex.com

Gold has plenty of reasons to go higher, not the least of which is the behavior of international central banks who continue to flood the markets with liquidity, which will drive up the value of gold given enough time.Gold markets continue to grind sideways overall during the trading session on Tuesday, only to see a slight dip lower at the end of the day. We continue to trade right around the $1880 level, sitting on top of significant support underneath. The $1850 level should be massive support, as it has been multiple times. There is also plenty of support below there as well. In other words, no matter how bad gold ... (full story)

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  • Category: Technical Analysis