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Trade Implications – Gold: Our trading bias on Gold prices is admittedly mixed here; while crowds are long, they have mostly scaled back recent buying. Our Senior Market Strategist recently wrote that a Gold price break above $1321 would signal further gains are likely, and indeed it seems as though a test of near-term resistance at $1350 is imminent.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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- Commodity Markets
- Basic Materials Industry
- Gold prices