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Gold could well experience more pain if stocks in the US continue to move lower tonight, and a dovish FOMC next week may seem like an age away. Gold has support layered at its overnight low at USD1825.50 an ounce, USD1820.00 an ounce, and then the 200-day moving average at USD1808.60 an ounce. Initial resistance is at USD1876.50 an ounce, Tuesday’s high and today, the 50-day moving average.

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