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Gold Correcting Off Lows. Moves Toward Resistance Targets

posted by Avatar ejc 343 days ago in Technical, Daily, Gold made popular 343 days ago

Gold corrected toward the 38.2% of the 2012 trading range on Wednesday (see daily chart) at the 1627.22 level and although the price was able to breach above the MA, the price could not close above this retracement level (bearish). The price yesterday moved sharply down and that trend was extended to new lows today...more.
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