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Gold To Confirm Triangle Around 1340

Discussion in 'Technical Analysis' started by Kaitlin, Sep 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The yearly wedge proved its strength against the three-week channel XAU/USD had established on its way through the senior pattern. Hovering just above the 55-day SMA at 1332.13, the pair confirmed a three-month descending triangle, which has been building up some bearish potential to make a solid attempt at the[​IMG]

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