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Gold/USD buying points

FX:XAUUSD   Gold / U.S. Dollar
207 1 0
Looking at the 50% and 61.8% retrecement regions for buying points 1 and 2 respectively. Currently (22/1/14), the buying point 1 is trying to hold. However, if Buying point 1 is not held and the sell-off continues, will be looking for a weekly/monthly bullish candleline at the 61.8% retracement level (similar to that seen at buying point 1) and determine if Buying point 2 is to hold.
6/8/14: Buying Point 1 has held till present. The last 5 monthly bars however do not show a clear direction as it failed to close above Bar-8/2013 highs. There may be a third test coming for Buying Point 1.
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