Gold Rockets into A Potential Fed Rate Hike! The Technical Reversal Could be Very Significant

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Spot GOLD has reversed to the upside by $30 today, but more significantly from a technical perspective is that the strength on a Friday, if sustained, has the potential to put in a key, upside weekly reversal, which has significant positive technical implications-- that the long slide in GOLD off of its Sept 2011 high at $1921.50 is complete. GOLD must close above $1081.41 to put in a weekly upside reversal. Of course, to confirm such a low, GOLD must exhibit upside continuation, and must

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