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(M2) Edges Off Recent Highs


A$ Leads Commodity FX Lower


(M2) Corrective Cycle Still In Play


Spills Above Week’s High

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Testing The 50-Day EMA


Gold is off earlier highs and once again testing 50-day EMA at $1879.9.

  • A clear break of this average would suggest scope for a deeper pullback that would open:
    • SUP 1: 1855.4 - Low Dec 21 and
    • SUP 2: $1844.9 - Low Dec 16.
  • Resistance is at $1917.6, today intraday high
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