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November 6, 2013

Out of the Dark

For gold bulls these days, good news is simply the lack of bad news, and the good news today is that after six straight losing sessions, gold did not take a dive under the $1290 mark that would flip our statistical system back to downtrend mode. So the door is still open for the yellow metal to take a shot at piercing its 150DMA and form a right-translated daily cycle. However, time is growing scarce as the timing band for a daily cycle low begins ...


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