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Moving away from $1200 level in the process.
The dollar has moved lower in early NY trade and that has gold moving higher.
The price is up at $1212 and moving away from the $1200 level. On the daily chart, the end of July swing highs stalled at $1235 (which was just below the early July low at $1238). The 38.2% is at $1238.64. That area at $1235-$1238, are upside targets on more buying.
This article was originally published by Forexlive.com. Read the original article here.