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Gold takes out technical resistance level

Yesterday a potential upside resistance level on Gold was identified here and that was at $2,378.82. Well, Gold later yesterday that level ahead of the European close, when it topped out at $,2378.55. That capped the topside ahead of the US close and the metal later ended the US session at $2,376.06 after briefly dipping below $2,370 beforehand. Overnight the metal has lifted above that resistance level, subsequently reaching $2,387.76 a short while ago. It has backed off from that high now though, but so far remains above that former resistance level, at $2,378.82, but that is not so suggest it will necessarily continue to do so. Gold is currently trading at $2,379.30

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