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TechniBlock
Nov 11, 2019 9:01 PM

Gold correction 

GOLD (US$/OZ)TVC

Description

Almost looks like a descending triangle. If so then I would assume we head down to the .618 area over the next few months. RSI dipped into the bearish zone while we broke large ascending triangle to form a descending triangle and go through distribution from our 1557.00 high down to the .618 at 1378.00. Let's see how this plays out over the next few months as we enter the holidays.
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