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Gold rebound stalls at familiar level

Gold rebound stalls at familiar level

News
Adam Button
18/07/2013 | 14:43 GMT

The high in the gold rebound today was $1289, precisely the 61.8% retracement of yesterday’s drop.

Gold intraday chart

$1300 has proved to be a stiff area of resistance and even a return to dovish Ben hasn’t done much to boost gold.

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