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Gold pauses after steady drop
Gold has taken the price back to the 50-day simple moving average (SMA) at $1290 after the fall from the September high. Below here, the 100-day SMA at $1268 comes into play.
A bounce from the current level needs to move back above $1307, but overall it still looks like a new higher low has been created in the trend off the July lows.
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