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Gold – Classic Indecision Below $1320

From marketpulse.com

The last few days has seen gold show classic signs of indecision with its multiple doji candlestick patterns which tends to indicate a weakness in the prevailing uptrend. To finish out last week gold enjoyed a stunning surge higher to break through some key levels along its way to reaching a two month high just above $1320 and in the time since, it has just eased away ever so slightly and consolidated. In moving so well it was able to move back through the key $1275 level for the first time in two weeks, although resistance at that level kicked in and halted any rise for a few days. It was also able to break through ... (full story)

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  • Category: Breaking News