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So Who Sold Gold This Week?

You couldn’t really miss THE event of this week, as the gold price nosedived on Tuesday, taking out the psychological support level at $1300/oz, but also the technical support levels around the $1280 mark. Subsequently, towards the end of the week, the powers that be also tried to take out the perhaps stronger support level located at the 200 moving average, as you can see on the next chart.
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