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Gold edges lower towards a test of trend line support at $2,637
Earlier today an update here noted the levels in gold, with the 50 day moving average capping the topside above $2,668 and an upward trend line coming in from lower lows, around $2,637 potentially defining the low. Well, after repeated attempts to push further above $2,655 again today, the metal has stalled and now fallen back below $2,640 a short while ago. It has not tested that $2,637 level yet, but it has come close. Gold is currently trading at $2,637.60
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