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Gold had found line (1) to be support for a couple of years, where several decent rallies took place off the line. Three weeks ago support line (1) gave way and Gold declined $150 in a single day. Line (1) is VERY important for Gold!!!
The rally off the panic lows has gold facing a trio of resistance as it is now kissing the underside of the old support line, as resistance at (2) above.
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