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Gold (10/18) - Strategy After a Bullish Breakout
Breakout swing: Gold price has been falling since late August from the 1433.52 high. The falling prices have been maintained under a trendline. However, after the market found support at 1251, it rebounded back above the 1300 handle as well as the falling trendline that comes down from the 1433.52 high. As we get into the 10/18 Friday US session, XAU/USD is stalling just below the 4H 200-SMA and the 1329 resistance pivot. Breakout extension: The break neutralized the bearish outlook, but has yet broken the previous high of 1329 to suggest a bullish outlook. If the market breaks gold above 1329, we might anticipate ... (full story)
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- Oct 18, 2013 10:57am Oct 18, 2013 10:57am
- sheety
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- Oct 18, 2013 1:06pm Oct 18, 2013 1:06pm
- venzen
- Joined Jul 2011 | Status: good | 456 Comments
cryptocurrency everytime
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- Oct 18, 2013 2:34pm Oct 18, 2013 2:34pm
- asadleo
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- Edited 10:53am Oct 19, 2013 10:11am | Edited 10:53am
- Muntu
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Patience is magic