Gold Prices Forecast to Test 2013 Lows
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Trade Implications – Gold: Crowds have remained steadily long Gold prices since the precious metal traded below $1350 on October 28, and we anticipate continued weakness until we see a significant shift in sentiment. In fact our Senior Technical Strategist points out that near-term Gold price targets remain at major lows of $1180.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.