Gold Rallies on Higher Oil, Lower Dollar |
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Gold started moving once again yesterday - largely in response to oil breaking the $140 mark and the resulting downward pressure on both the Dow and the US Dollar. Current target is 940.29, with resistance in the way at 928.06. If price should drop, we expect to find support at 922.25, 917.56, 908.25, and 896.01.
Filed under: Technical
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