Gold fell this morning as it stabilized below mid-point of bullish channel, noting that the SMA 9 lost strength where the price moved beneath it on the 4-hour chart. The yellow metal is currently trading within a bullish channel as it eyes to retest $3349 then $3320. On the flip side, if the price clings above the daily pivot point at $3391, gold could rise towards $3426 then $3452.
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