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Gold Markets Testing Major Support Level
Gold markets have fallen rather hard during the trading session after initially filling the downward gap on Thursday. As we reached towards the $1750 level, the market is likely to see a significant break down at that point in time. If we were to break down below the $1750 region, the market then opens up a potential move down to the $1680 level. That of course is a major area of support in the past, so it will attract a lot of attention by traders out there watching this market. If we were to break down below the $1680 level, it is very likely that the gold markets will fall apart at that point. I would anticipate a ... (full story)