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Gold’s Perfect Storm
Key Takeaways: Gold is set for a large gain in the coming months The Eurozone, Ukraine and the US equities markets could join forces to boost the yellow metal SMA crossover provides a technical bias A number of key fundamental and technical factors suggest the price of gold is right on the edge of a large upside move. Here’s a look at the indicators, and the levels to keep an eye on. First, let’s take a second to round up the recent action in the yellow metal. Having rallied throughout the majority of the first three months of 2014, the XAUUSD topped out at yearly highs of 1,392.01. A sharp correction ensued as ... (full story)