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Gold Spot / U.S. Dollar

GOLD accumulation and bear zone

By jashjacob
Updated
An small analysis of the accumalation zone for GOLD. If gold falls below the Bearish Signal, we can expect price to fall for quite a bit.
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Global markets opened with Gold being on the +ve side.
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Still in accumulation zone.
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Trading in our accumulation zone.
Comment
False breakout on the downside on Aug 26th trading session. Gold price bounced back above $1950.00
Comment
False breakout on the upside on Aug 27th Trading session. Gold touched a high of $1972.00 and fallen below $1950.00 range.
GoldTrend Analysis
jashjacob
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