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Gold Falls Sharply Focusing on the 1522-1530 Support Area

posted by Avatar FXTimes 332 days ago in Technical, Daily, Gold

After the double top spotted in the previous update on gold, it has slid sharply, especially when the prospect of QE was put aside, and the FOMC focused on extending Operation Twist. The 4H chart shows the market also pushing below a rising trendline. The RSI dipped below 30 and shows bearish momentum. Now, the market is focused on the next key...
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