40 ema comex $gold futures

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    A supportive 40 EMA appears to be underlying COMEX $Gold futures to date for the broad upsweep since March last year. Williams %R 15 , has also been encouraging.

    However assuming the parabola does not end now, a fall back to this 40 EMA briefly, to rebuild strength would not in itself necessarily signal directional failure perhaps, before a prospective tilt higher at $US370-385, say March/April/May next year. Intruiging to contemplate.
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