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Gold dips meet buying again
For the second time this month the price dipped to $1160 and was met by fresh buying. The downtrend has yet to come to an end but if this area holds then a base may form.
Gold then has to get above $1180 to set itself up for a challenge of the $1200 zone once more. A drop below $1160 still targets $1130 and then $1110.