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Crude Oil and Gold – What Can We Infer from This Relationship?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 31, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Trading position (short-term; our opinion): Short positions (with a stop-loss order at $39.12 and an initial downside target at $33.66) are justified from the risk/reward perspective. Although crude oil moved higher yesterday, the key resistance lines continue to keep gains in check. What does it mean for the commodity? Will the oil-to-gold ratio give us more clues about future moves? We would like to draw your attention to buy signals generated by the daily indicators, which suggests that

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