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Gold Technicals – Trading Within S/T Bullish Channel

From marketpulse.com

Despite suffering the worst annual decline since '81, 2014 turned out to be extremely bullish for Gold, at least for now that is. Prices started shooting up out of the blue on the first day of 2014 trading without any good reason. Even though bears subsequently did take over, the decline failed to test the post Christmas consolidation range in any significant/meaningful way and bulls quickly take over subsequently, ending Friday close to the weekly high. Early Monday trade this week showed signs of bearishness, but that turned out to be a false dawn for bears with prices climbing up once again, breaking Friday's high ... (full story)

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