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Gold approaching $3,200 as dollar slips
The rebound in Gold today has now extended by nearly $80 from the lows. The metal is now approaching the $3,200 handle. A moment ago it almost touched that level, but not quite yet. The breakdown level seen yesterday remains at $3,202 and it could be this price point my offer resistance on the way back up. That remains to be seen, but it looks like some sellers may have stepped in ahead of $3,200 a moment ago. Gold is right now trading at $3,195.50
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