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rwoods187
Jul 14, 2020 12:02 PM

Gold is range bound 1790-1830 Long

Gold/U.S. DollarFXCM

Description

Gold continues its bullish trend in a shrinking channel with lower GVZ. In a few week's time, the floor will be $1800. The current daily range is $1830-1790. If for some reason a realistic vaccine is mass-produced this could change for an intermediate-term as investors seek risk-on assets, but this opportunity should be used to accumulate more gold. (bottom range would be ~1600s area for the miracle vaccine)
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