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What's Behind Gold's Sharp Sell Off

Posted by TopstepTrader on October 17, 2017

The story of today is Gold ($GCZ7). The metal saw a strong overnight sell-off that brought it from above $1,300 per ounce to below $1,290. And now the pressure is really on. Prices now may be targeting $1,281 - though it's unclear whether there will be interest throughout the U.S. session given the already large move. 

In other futures markets, Crude Oil ($CLX7) is flat ahead of this week's roll. And the Emini S&P 500 ($ESZ7) seems to be contemplating a run at its all-time highs, last hit yesterday. 

What opportunities are out there to take advantage of today? Performance Coach John Hoagland runs through equities, Gold, Oil and the Euro to give you insight on today's markets and levels.

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