Gold prices off the Route?

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Gold prices have been battered over the week. Starting with a high of $1330 to a low of $1282 and giving a close of $1294 has brought Gold prices back to its major support $1280. ($1280 acts as a strong support for Gold, below which Gold prices could attain new lows).
The week started on a stronger footing carrying the upward trend of the last week.
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