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August 28, 2014

A Coil May Abbreviate Gold's Bearish Configuration

Gold's daily chart managed to sneak back above its lower TrendBand today, putting the daily cycle setup in an ambiguous posture. Typically, a move back above the LowerBand signals a new daily cycle on the rise. In the current case, however, gold would be leaving behind a Day 14 daily cycle low ...

 

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