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Recovery in gold hits a wall
The price finished towards the top end of the range yesterday, but even now the $1180 level seems to be stymying upward progress for gold.
We wait to see whether this intraday bounce goes the way of every other over the past three months, i.e. right back down. Support levels to watch for are $1160 and then $1127, while resistance above $1180 is found at $1195 and then $1205.
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