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Gold: Outlook Suggests More Horizontal Trading

Discussion in 'Technical Analysis' started by Kaitlin, Apr 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    As long as yellow metal continues to ignore a very important technical cluster at 1,224/30, we are going to maintain a mostly sideways outlook for prices. We have not seen a two-day consolidation below the weekly pivot point or above the 20-day SMA since March 22. Another mixed picture emerged[​IMG]

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