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XAU/USD - Lack of Bears

FX:XAUUSD   Gold/U.S. Dollar
It's almost 20 days since the famous fakeout that caused gold             to drop from 1130 to 1070 in a second. Unfortunately for the bears, the price action failed to follow this breakout. Instead it formed a strong hagopian support line that's been tested five times since 24th of July.

This is a long term buy (more than a year).
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