Gold- falling channel vs. rising trendline

Falling Channel: When looking at the daily chart, you can see that gold (XAU/USD) price has been sliding in a falling channel since Oct. 2012. During this decline, the daily RSI reading has kissed 30, held under 60 for the most part, and now below 30. It is still held under 60, so the bearish…

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Gold- falling channel vs. rising trendline

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