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Gold Futures Market 23 Aug 2010

September gold futures traded marginally lower on Friday, but still holding well above the 9 and 14 day moving averages which continue to provide excellent support to the upwards momentum and established bullish trend. ¬†Friday’s pullback in Globex gold saw the metal test the 9 day moving average which held firm, suggesting that the bullish sentiment remains firmly in place for the precious metal as we push towards the previous high of June as we now await the inevitable break out into new high ground in due course.