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Gold lifts back above $2,400 after taking another dive
The fall in Gold since this time yesterday has now since extended to the downside. The metal dropped below $2,400 a short while ago. The low seen was set at $2,393.96. It has rebounded off that low now, but it remains to be seen, just how much it can recover from here on. It seems that the long liquidation noted here earlier today has not necessarily run its course. The next support level of note is still some way off and right now that is the 21 day moving average. That is in place currently at $2,372.15. Gold is currently trading at $2,402.25
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