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Gold Begins Friday Above Trend Line

Discussion in 'Technical Analysis' started by Kaitlin, Sep 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The yellow metal is no longer bouncing around the level of 1,320, as the metal retreated below the weekly S1 at 1,315.33. The fall occurred during Thursday's trading session, when the bullion ended the day's trading session at 1,313.10. In addition, the commodity touched the rising wedge pattern's support line,[​IMG]

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