Gold Market Update for February 06th

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Here is today’s chart on gold for Feb 06. Our sell entry signal was hit today. Am watching for resistance at 1360.00 and support at 1320.00 then 1310.00

“Gold is not showing much of a safe-haven bid despite the plunge in global equity markets. The 2013 trend-line continues to be a problem. As long as it stays below this key threshold, a neutral to bearish outlook remains….” https://www.dailyfx.com

This commentary and chart is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by Barchart.com

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