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Gold again close to the final support at 1282

FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov observes that gold is approaching the support at 1282 and if it breaks below it could quickly fall to 1252 or even lower.

Key quotes

"Upside recovery will be stopped ahead of 1305, where is the resistance."

"More upside only on a Daily close above 1308."

Gold falls to 2-month lows

The yellow metal remains on the defensive Thursday as the dollar continues to strengthen following hawkish minutes from the Federal Reserve.
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