As expected, the 1522-1530 range support provided a based for gold to recover after it fell sharply from around the central pivot of the range (the actual high was 1671.12). The concept of a range is that when the market is at resistance or support, and is extended in momentum, there is a tendency…
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Gold Continues Recovery From Range Support
Gold has Reached Support Level at $1,520
Jonathan Barratt, Founder, Barratt’s Bulletin says gold has reached a major support level at $ 1,520.
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Gold Bounce Today, Signals Market Bounce Tomorrow: Pro
Gold bounced on Thursday, with the precious metal putting in its largest one-day gain since January. And we’re hearing it’s a sneak preview of what’s to come Friday.
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Gold Bounce Today, Signals Market Bounce Tomorrow: Pro
Gold bounced on Thursday, with the precious metal putting in its largest one-day gain since January. And we’re hearing it’s a sneak preview of what’s to come Friday.
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More Downside Risk Ahead for Gold
Dominic Schnider, Head Commodity Research, UBS Wealth Management discusses his outlook for the yellow metal. He says prices could head towards $ 1,520/oz in the near term.
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Gold Will Rebound If Euro Debt Crisis Worsens
Tom Essaye, President, Kinsale Trading says while gold hasn’t behaved like a safe haven, it could benefit from a worsening from the European debt crisis.
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Gold Losing Safehaven Appeal: Pro
Andrew Su, CEO, Compass Global Markets breaks down the factors that show gold is losing its safehaven appeal. He says it’s because investors are starting to see that gold is neither a commodity nor a currency.
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Paulson Holds to Gold ETFs, Profits as Prices Rise
Gold Weakness Signals Trouble for 2 Unexpected Stocks: Weiss
Trader Stephen Weiss thinks the weakness in gold signals trouble for these other names – and they’re way outside the metals and mining sector.
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Gold Slips In Line With the Euro
The recent sell-off in gold is unlikely to continue in the longer term, with the precious metal set to hit $ 1,900 an ounce towards the end of the year, Walter De Wet, head of commodities at Standard Bank, told CNBC.
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