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themarketzone
May 2, 2016 6:07 AM

Next Major Sell Zone for Gold?  

AMEX:GLD1W
SPDR Gold TrustArca

Description

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The Dollar Index collapse below the 94$ support zone (DXY) drove GLD above previous high.
GLD will complete a bearish Crab pattern near 127-128$ there it will also meet the 200 weeks MA and a weekly structure zone.

Tomer, The MarketZone

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Comment

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Price continues to advance towards pattern completion
GLDXAUUSDGoldMetalsHarmonic Patterns
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