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COILS AND THROWBACKS

posted by Avatar topequitynews 528 days ago in Technical, Gold, Metals made popular 528 days ago

We have a potential coil forming on the gold chart. As I’ve mentioned before about 70% of the time the initial thrust out of a coil tends to be a false move soon followed by a more powerful and durable move in the opposite direction. If that holds true then it would be preferable for gold to break out of the coil to the downside.
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