carlicus

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XAUUSD: GOLD pullback to the weekly 200 SMA
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XAUUSD, W Short
GOLD pullback to the weekly 200 SMA

Gold is in a long term bear market that started in 2011. The 200 Weekly SMA shows the current market trend, and GOLD is doing nothing but a pullback to that moving average. This is exactly the same that happened in 2008, but that time it was a pullback in a bull market.

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