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Ecantoni
Jun 25, 2013 2:45 PM
What the USDZAR H&S might be suggesting for #gold
FX:USDZAR
1D
U.S. Dollar/South African Rand
FXCM
Description
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Jun 25, 2013 2:45 PM
USD is potentially at the b/o of H&S...IF it breaks down the neckline, the growing inverse correlation MIGHT take gold in a huge short squeeze, confirming the analogy with 2008 posted earlier.
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