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Chart of the Day - 3/16/2010 – GOLD

posted by Avatar jameschen 696 days ago in Technical, Daily, Gold made popular 696 days ago

Price action on spot gold, a daily chart of which is shown, has made a swift and pronounced bounce off a long-term uptrend support line. This long-term trendline was falsely breached in early February, but has subsequently been respected since then. Most recently, price action descended back down to the trendline last week before making
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