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Gold Price Futures (GC) Technical Analysis – Investors Done Chasing Market Higher, Looking for Value Now

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Given the weak close, we’re going to be watching trader reaction to the 50% level at $1682.40 early Friday. If we get a counter-trend bounce then look for the market to become rangebound with $1727.50 the top of the range and $1682.40 the bottom of the range.

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