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Before gold resumes its upward movement, it will decline approximately between the 1861.01 and 1854.83 levels. The pair may reach the 1871.58 level as its first target and the 1919.90 level as its second target. This scenario will come true if gold does not drop to 1840.38.
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The material has been provided by InstaForex Company - www.instaforex.com