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ArArgon
Aug 16, 2019 3:53 PM

GC Neutral 

Gold FuturesCOMEX

Description

1524 is a key number for this week. Weekly candle close above indicates the bulls are still eager and correction will be short lived. Weekly candle close below indicates supply is stepping in and a correction all the way down to the 1460 would be expected. All in all Gold is in a strong bull market. a fundamental catalyst of reduced economic uncertainity would be necessary to change the direction of momentum. This market is volatile and de-risking is advised.
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