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Commodity Daily News
Key Gold Support and Resistance Levels
Monday, 26 Dec 2011
Gold prices have climbed back off of their lows from last week in light holiday trading. In the meanwhile, spot gold is running into some key support and resistance levels. The falling resistance line from the all-time high comes in at $1,720. To the downside, the trend line from 2008 is found at $1,533, a price level that coincides with the September low. A break below here may find support at the June low of $1,476.
