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Gold turning lower from resistance zone
Gold is turning lower this morning following a substantial rally overnight. This market has continuously failed to break through the $1357-$1358 resistance zone, and this looks like another case of that happening.
Essentially, it makes sense to look out for a potential move lower considering the proximity to that resistance zone. We are clearly consolidating and as such while we await a breakout, it is highly likely that we will continue to range.