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Gold Trades In Extended Consolidation Under Daily Cloud Top

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

  1. Kaitlin

    Kaitlin Forum Member

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    Spot Gold extends consolidation under daily Ichimoku cloud top that capped strong rally last week. Double Doji candle confirms near-term indecision, however, current action is so far seen as consolidation of bullish acceleration from $1307 that peaked at $1343, as strong bullish weekly close and long daily bullish candle that[​IMG]

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