Dollar index below 98 and Euro rally this morning has given Gold a bid to the upside. Gold approaching the higher end of the recent trading range < $1,070 to $1,090 >, as sellers yesterday failed to push gold below its support level at $1,068.20.

Everyone still looking for the magical $1,100 level to be reached. In the absence of a FED rate hike next week, the only other vehicle that could propel gold above the $1,100 dollar level in my opinion would be a continued weaker dollar.

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