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Gold Rally Breaks $1200 Level – MP

FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse, notes Gold breaking the key resistance at $1200 as it continues to move higher.

Key Quotes

“XAU/USD was flat in the Asian session. The pair has posted strong gains in the European session, climbing above the key 1200 line.”

“The round number of 1200 has reverted to a support line but remains fluid. 1175 is next.”

“1215 is an immediate resistance line. 1240 follows.”

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