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JaceYoung
Jun 28, 2016 1:17 PM

Gold Short Short

Gold/U.S. DollarFXCM

Description

Prices are currently reaching a 38.2 Retracement of the large leg of the move, which is a good area of prior resistance and support and just so happens to be a 127 Fib Extension and 127 Fib Inversion as well. We also have Bearish Divergence on the RSI. I am expecting a pullback into the 1240's.
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