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  1. gaweb

    2,154 Posts.

    GOLD beautiful gold ::)))

    It is on the downtrending resistance level via May and September highs. Stochastics are toppy, so we have two scenarios we may have to contend with.
    1/ Gold will break above downtrending resistance tonight or early next week in search of $350/oz
    or 2/ Traders will see Gold as overbought in the immediate term and sell it off back to $316 uptrending support.

    I'm out of GCZ2 and awaiting the next higher low.

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