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Lose $6 in the past 30 minutes

GOLD
  • Gold is moving lower, losing 6 bucks in the past 30 minutes.
  • Risk tilted to the upside is likely helping.
  • Very little movement in FX, with a mixed Dollar this morning, after being mostly in the red during the overnight Asian session.
  • In terms of support some will look at the $1900 handle initially.
  • Further downside traction would open to $1878.4 - Low Feb 24 and key short-term support

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