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Gold steps back twice from above $2,710
Yesterday Gold managed to eventually reclaim the $2,700 . The push above that level came following the fed rate cut and later extended to just above $2,710 ahead of the US close. The high seen was set at $2,710.33 and gold later posted a US close at $2,706.71. The high seen earlier today was set at $2,710. 44, but it has backed away from that now and fallen back below $2,685 a few moments ago. Looking at the price action since last night you can see there is a risk of an interim double top being set in place just above $2,710. That is a prospect that is surely live this morning. The low seen a short while ago was set at $2,683.92. Gold is currently trading at $2,684.45
Market News
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