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NOVAGOLD RESOURCES Analysis Daily

Short
AMEX:NG   Novagold Resources Inc
Hey traders, NOVAGOLD RESOURCES is in a bullish configuration with high buying volume and a failed sellers attempt. We see the last session then the one before a large volume of sales executed. NOVAGOLD RESOURCES is heading towards its last low point See the 5 Min TIMEFRAME to turn around.
Strong potential to breakout the consolidation zone to reach the next high point, which corresponds to the high of the next consolidation zone.
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