HotForex

Gold Grinds over $1230 -

TVC:GOLD   CFDs on Gold (US$ / OZ)
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Gold got the anticipated "G20" early month lift at open today following Fridays monthly close over the important $1220 level. The weakening US dollar , relief rally in Asian equities  both added to demand for Gold . The Asian session breached $1225 and follow through buying continued through the European session and into the US open. R2 and new "line in the sand" at $1230 was also tested, breached and eventually broken. R3 at $1235 is pushing the price into over bought territory and the more significant daily resistance area . The October high pushed over $1243.
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