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Gold Holds Firm Above $3K Support

From dailyforex.com

The gold market had initially tried to rally a bit during the trading session here on Monday, but you can see that we have pulled back a bit to show signs of hesitation. All things being equal, this is a market that I think will continue to be very noisy, but I also recognize that it's a market that will continue to find buyers on dips over the longer term. After all, we have to look at this through the prism of a market that has been a bullish move after forming a massive bullish flag. Now, at this point, the 3000 level is important to pay close attention to as it is a large round psychologically significant figure. ... (full story)

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  • Category: Technical Analysis