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Gold does take out the 100 day moving average support
Since the last update here on Gold, the metal has now pushed below the noted 100 day moving average (corrected to $2,616.15) and extended the fall to a session low so far, at $2,611.73. It is off that low now, but as of writing yet to climb back above that $2,616.15 level. All the while it fails to achieve that on a sustained basis, the threat of more downside will not be removed. Gold is currently trading at $2,614.30
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