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Gold Makes Tentative Breakdown Move

posted by Avatar jameschen 219 days ago in Technical, Gold, Metals made popular 219 days ago

Gold (daily chart) as of Tuesday (10/18/2011) has made a pronounced drop below its wedge pattern consolidation, which hints at a potential continuation of the bearish run that originated from the early September all-time high around 1920. This wedge pattern, which can also be considered a large inverted pennant pattern, represented a slightly
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