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NEW YORK -- Gold futures rose early Wednesday, carried along by renewed gains in oil prices as Israel vowed to press its attack on Lebanon and a tropical storm in the Caribbean threatened to turn into a hurricane.
However, from a technical perspective, it is likely to experience strong resistance around the $650 level, If it succeeds in convincingly breaking through that level, it could test $660, but if it declines, support will be found at $636 and stronger demand in the $620-to-$630 range. |
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