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Overnight action saw the December Comex gold futures contract push through short-term resistance from the 20-day moving average, which is a minor near term bullish technical signal.
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However, so long as both the long and short positions are equally leveraged, the price of the futures contract will not change very much because there are just as many forced buyers as forced sellers.
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The USDX futures contract is designed to replicate the performance of being short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
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