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Gold – Struggles to Get Above Resistance at $1200 Again

From marketpulse.com

The last week or so has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however a few days ago it fell sharply back through the key $1200 level where it is now meeting resistance. Gold enjoyed a solid surge higher up from the key $1200 level to a new six week high just shy of a previous resistance level at $1240 earlier last week. Gold has had a fascination with the $1200 level over the last month which has seen it trade either side of this level, and sure enough, it has returned back there again but is now struggling with resistance. During the second half of November ... (full story)

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