Just prior to the market's opening on Monday, Nov. 27, gold was poised to break through the strong psychological resistance level of $1300. However right as the bell sounded in New York, a huge dump of contracts appeared to take place driving the price down from $1299.25 to below $1290 in a matter of minutes.
Needless to say gold has recovered somewhat since the open and is once again vying to break through the $1300 barrier as it now sits around $1295 and climbing.
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