FX:XAUUSD   Gold Spot / U.S. Dollar
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3
Has reached the line that extends off of lows in June 06, Sep 06 and October 2010. Parallels extended from the 2006 and 2008 high caught important pivots over a period of 4 years...most recently the December 2013 low. Downtrend support is also nearby. Would take seriously a daily reversal over the next few days.
Scandex Chief Technical Strategist, SB Trade Desk co-founder, author Sentiment in the Forex Market

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