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Re: Gold ends at lowest level in nearly 3 months *PIC*

Meaty sell-off so far to start 2011 with all indicators now pushing into oversold territory as price plowed into the $1320-1330 support zone today. If/when that gives way, the next support is at the 200dma, followed closely by the $1250-1265 area. Time for a little bounce back up first though perhaps...next direction should become clear this week in the aftermath of tomorrow's Fed announcement.

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Re: Gold ends at lowest level in nearly 3 months *PIC*