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Razvan
Oct 31, 2012 9:07 AM

GOLD 

Gold FuturesCOMEX

Description

Gold has made a symmetrical triangle, right under the trend line. A break on the upper side might send prices even higher to the next resistance at 1740.00 (we can look for a breakout over the 50 level at the RSI). On the other hand a break under the 1700 support could trigger a sell off, that will drag prices to 1680 and retest the 200 EMA.
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