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Gold: Continued Upward Momentum
Gold rallied slightly during the trading session on Friday, but I think what's more important here is that it stabilized. We've had a couple of very brutal days in a row. So, for Friday to be slightly positive is a good sign. There is a lot of noise between here and the $2,300 level that I think a lot of people will be looking at as a potential support barrier that you need to pay attention to. With that being said, we need to hang on to the $2300 level to continue the upward momentum that we have seen for some time. With that, I think you've got a scenario where traders continue to be attracted to dips as cheap gold ... (full story)