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Yamana Gold Catches A Bid On Dollar Pullback

Yamana Gold Inc.(NYSE:AUY) catches a solid bid higher today as the U.S. Dollar Index retreats. Yesterday, Yamana Gold sold off and declined into the daily chart 50 moving average which held as support for the stock so far. Ultimately, Yamana Gold may trade down to the $10.50 area which is the next important daily chart support level. However, Today the stock is trading higher and will face short term intra-day resistance around the $11.38 and $11.49 levels.