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Gold – Continues to Hover Just Below Key Level at $1240

From marketpulse.com

Over the last few days to finish out last week Gold ran into the previous key level at $1240 which has resisted and forced gold a little lower, although it did rally and surge through to reach four week high in the process. During this period, Gold has consolidated and traded within a narrow range right around the key $1240 level. For the last several weeks Gold has enjoyed solid support at $1215 after falling strongly a couple of few ago from $1240 to just below $1215, however a few weeks ago it dropped to its lowest level in 2014 near $1180. Since that time however gold has rallied higher and returned to back above ... (full story)

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