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Gold continues to digest gains
Moves above $1230 over the past few days have run out of steam for gold, but so far buying support is keeping the price above $1216.
Below this, $1214 and $1205 are potential areas of support. The $1236 area remains an area of resistance, while the still-declining 100-day simple moving average (SMA) of $1227 is also limiting further upside.
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