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oddwaves
Jul 26, 2015 11:49 AM

"Gold has bottomed up" is tricky 

Gold/U.S. DollarFXCM

Description

The recent strong reaction would give a hint to a possible turn in Gold. However, it's not safe to say if Gold has bottomed up. Behavior after Gold comes in level range: 1120-1125 will help analyse the long-term trend. Another leg down is absolutely still possible. Stay neutral...
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