_sm14-08-17.png/jcr:content/renditions/original-size.webp "Gold chart")
_lg14-08-17.png/jcr:content/renditions/original-size.webp "Gold chart")
_lg14-08-17.png/jcr:content/renditions/original-size.webp "Brent chart")
_sm14-08-17.png/jcr:content/renditions/original-size.webp "Brent chart")
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Gold falling towards key support
Gold is selling off sharply this morning, following on from a break below the crucial $1284 support level. A move below $1281 would provide a strong bearish signal from here, and as such it makes sense to await the response to that level.
An hourly close below $1281 could pave the way for a week of losses.
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