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Gold's Pullback Moves Confined By Descending Trend-line

Discussion in 'Technical Analysis' started by Kaitlin, Dec 24, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Even if the year-end moves of the yellow metal pulled Gold prices back from its two year old descending trend-channel support 61.8% FE of its January – July downside, the bullion consecutively failed to surpass short-term descending trend-line resistance, favoring overall weakness. From the present levels, the $1157, followed[​IMG]

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