Gold – Weakening within its horizontal range

Gold has broken the support at 1654 (11/01/2013 low), which opens the way for a test of the low of its horizontal range between 1626 (04/01/2013 low) and 1696 (17/01/2013 high). Hourly resistance can be found at 1656 (intraday low). • Gold is in a secular uptrend with strong support at 1523. …

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Gold – Weakening within its horizontal range

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