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Lewis noted that spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session but has since shown signs of life. “The market right now is looking at $2,320 as a little bit of a barrier, but I think given enough time, we probably go higher,” he said. Justin Low, Currency analyst at ForexLive was looking at shorter-term support and resistance on Monday.Low noted that spot gold price caught a solid bid to $2,320 as the dollar declined on Friday, “only to run up against offers at the 200-hour moving average before being sent back down to $2,280.”
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