Gold surged significantly higher against a weakening US Dollar after a worse-than-expected US manufacturing PMI print that casted doubt over how strong the economic recovery really is. However, profit-booking is triggering a corrective slide lower with the uptrend to remain intact as long as gold stays above the 200-period moving average. NFP on Friday will be the next catalyst for Gold prices.
Support: 1782 / 1770
Resistance: 1790 / 1796
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