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Gold takes another hit closer to $2,300

Following on from the previous update here on the dollar, Gold has now taken out the noted level around $2,314. The move comes as yet more longs are forced to part company with their holdings. The low seen so far has just now been set at $2,305.13 and f course the $2,300 level looks like the potential next support level, not for any other reason than it is a nice round number. Gold is currently trading at $2,306.60
 

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