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Gold

Report on Gold

Gold prices remained bid on Thursday with $950 per oz. put through the wringer. Rising trendline res. at the $950/955 per oz. area is key though, as sustained pressure through this would leave $1000 per oz. and higher to play for. Watch support at the $937/930 zone now, then $910 ahead of $870. The trend is up, the market looks squeezed here, see if upticks find new buyers above $950 or if sellers step up…