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​Hovering Around Wednesday's High

GOLD

After rising from the lowest levels since March during Wednesday's session gold hugged a narrow range during Asia-Pac hours, last down $1.72 at $1,749.98 and just above session lows. To reinforce any upside argument, bulls need to regain $1834.1, Jul 15 high, ahead of $1853.3, a Fibonacci retracement. Should the tame US inflation print resume downward pressure support is seen at the Aug 8 low of $1690.6.

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