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The US PPI Data on Tap.
Gold:Gold broke the 908.00 resistance level. Gold is in an uptrend supported by 1 Hour exponential moving averages. Bollinger Bands are widened indicating increased volatility. We should expect to see a bullish configuration today. 1 Hour and 4 Hour Elliott patterns are also implying that Gold should gather momentum during the day. The target is expected to hit 910. This provides forex traders with a great opportunity to go long on a very healthy uptrend.
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