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Gold struggling to touch $1200
A close above $1200 still eludes gold, with another attempt yesterday bringing out the sellers.
A move below $1195 would mark a bearish development for the move higher of the past three days, while further drops would test $1190 and the higher low seen as part of the move higher from the August low. A close above $1214 is needed to provide a breakout for the commodity.
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