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GeorgeJimas
Dec 28, 2016 2:27 PM

1D Gold Update Long

Gold/U.S. DollarFXCM

Description

Trend line broken on the 1D, look for a close above 1140 today to confirm break.

Comment

Close above 1140...MOOOO

Comment

This week was very bullish for gold, and the weekly close above 1150 was very meaningful.

Don't let the perma-bears on TV spook you, we broke trend on the 1D this week.
Comments
leonarddavidson60
Junior Miners are on the move two days in a row..very positive..we may even see a gap before the 2nd of January when everybody would be rushing to the exit..
GeorgeJimas
@leonarddavidson60, Exit as in a sell-off of gold?
leonarddavidson60
@Perseus, i made some comments in relation to "exit" by Carl Icahn on Seeking Alfa..who sold all positions bought on election night (1 billion doll)already ..but some people are not gonna wait until 2nd of January start of tax selloff in US..too risky..fantastic move to the upside in JNUG 10%+10%+27-30% in last 3 days..but still a buyer...Santa may deliver another good present to all gold long traders before the end of this.year..we can test 1183 levels sooner than we thought..
GeorgeJimas
@leonarddavidson60, I agree 100%
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