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After two-days of heavy declines from its......>

GOLD
GOLD: After two-days of heavy declines from its recovery peak, gold found some
support around the 50% retracement level of the August 16-22 rally during
Asia-Pacific dealing, which allowed the yellow metal to tick away from the early
session low, last ~$1185/oz.
- Bulls need to recover Wednesday's high of ($1201.6) and the 21-DMA ($1201.9)
to give the recovery legs and suggest a bottom has been formed. Bears still
target the August 16 low ($1160.4)to open up new multi-year lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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