Gold Also Turns Lower

10/03/2008 9:26 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

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The powerful rally in gold last week took GLD to the strong resistance in the $90-$92 area. Gold has again turned lower as it appears the heavy selling in the other financial markets has spread to the metals. There is some good support at $78-$80 with major support now at $69-$72

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