Gold; XAUUSD compressing
I see the price action of Gold continuing to compressing through the remainder of 2014. I am testing a method of so called magnetic points by creating a grid. According to this chart as gold remains under 1247 there are several points of interest to monitor. Price appears to complete compression by December 15/16 where we could see a strong move to either side. One other point of interest is a possible retest of the October low mark of $1,190 which according to the chart could take place in the time frame of November 5/6.
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