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Gold sees more buying
A weaker dollar has given gold bulls a breathing space, with yesterday’s dip to the 200-hour simple moving average bringing out fresh buying momentum.
It is now up to the bulls to get the price above $1245, in order to reignite the rally. Near-term support lies at $1230 and then $1225, while bears will be frustrated unless they can get the price back below $1220.
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