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Market Impact: 0.15
GLL Crosses Above Key Moving Average Level
Source: Nasdaq
Market Technicals & FlowsCommodities & Raw Materials
ProShares UltraShort Gold ETF (GLL) rose about 3.1% Tuesday and crossed above its 200-day moving average of $22.49, trading as high as $22.66. The technical breakout signals near-term strength in the leveraged inverse-gold ETF, implying downside pressure on gold prices during the session.
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