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Gold retreats after facing resistance at $2942

Gold rose during today’s trading as it stayed above the daily pivot point at $2924 , Noting that,  it moved above the SMA 9. However, gold is still trading near the breached bullish trendline. If it clings above it, the price may target $2940 then $2944. On the other hand, if gold hold below the daily pivot point. it may drop toward $2917 then $2913.

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