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Gold Tagging 50 DMA
Gold Spot / U.S. Dollar
Long
Gold Tagging 50 DMA
By michael.j.macauley
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Dec 29, 2016
1
Dec 29, 2016
Gold will likely tag the 50 day MA and continue moving downward thereafter, at the .382 retracement point of the previous large down trend.
If gold closes on a daily chart below 1110 this should signal a return to the lows from 2015.
Gold
XAU
XAUUSD
michael.j.macauley
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