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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold charts point to fresh trouble ahead with eyes on $1,100/oz

Posted on 22 May 2013

Gold’s recent slump could have much further to run, with a breach of its April low at $1,322 potentially setting up bigger losses towards levels not seen since mid-2010, chart analysts say.
Since posting its biggest two-day loss in 30 years last month, bullion has struggled to recover, and last week suffered its longest string of daily losses in four years. With April’s low again looming, a breach could spark a significant move lower, according to analysts who study past price moves to determine the future direction of trade……………………………..Full Article: Source


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