Psychological Level Of $1,300 Remains Key For Gold: Wagner | Kitco News

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On this July 4th edition of Chart This!, Gary Wagner takes a breather from the celebrations as he comments on gold’s movements following the better-than-expected nonfarm payrolls numbers that came out Thursday. Last week, Gary mentioned the support level of $1,311 being key but now sees it as a “minor support level.” He adds that the $1,300 psychological level is more important. Wagner continued that a small correction after the yellow metal’s surge was expected, saying “a small corrective action here, forming a base, is the markets way of finding the markets price point.” Wagner also takes a look at key silver price levels he’s eyeing before setting up gold’s next week. Kitco News, July 4, 2014.

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