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What to watch out for

GOLD: The yellow metal drew support from cautious Fed rhetoric and a softer USD
overnight, trading in familiar territory, #$6 higher at $1292 last.
- Bulls continue to look for a break above the $1,300 pivot area, which would
open up the June 14 high at ~$1,309. Bears look for a break below the Jan 4 low
at ~$1,276
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