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Gold: Continues to Show Strength
Keep in mind that the FOMC Meeting Minutes came out late on Wednesday, they suggested that some of the Federal Reserve governors are starting to think about slowing down raising rates, this might be all it takes to get gold going higher. The 200-Day EMA sits right around where we are right now, so if we can break above that handily, it will have a lot of algorithm-based traders buying. At this point, you can also look at the $1800 level as a potential target, and anything above there almost certainly opens up the possibility of a move to the $2000 level. We May See Strenght in the Gold Market Underneath, there is a ... (full story)