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Gold well supported, expect it to test US$3500

Via Standard Chartered on gold:

  • Gold remains well supported above its 50-day moving average
  • We expect it to test resistance at US$3,500
  • 3 month forecast is US$3400
  • 12 month forecast is US$3500

This article was written by Eamonn Sheridan at www.forexlive.com.

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