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GOLD Halts Recovery, Vulnerable Below 1,147/50 Zone

GOLD: GOLD looks to has capped its recovery strength at 1,147.87 level following the formation of a rejection candle on Tuesday. This price action suggests bear pressure could be developing. On the downside, support comes in at the 1,120.00 level where a break will aim at the 1,110.00 level. A cut through here will open the door for move lower towards the 1,100.00

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