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Wednesday, October 5, 2016

Gold

Fell 2.2 %, breaking  the significant 1300 support but holding above the 200 days MA. The biggest decline since february was triggered by Fed rate hike fear and strong dollar. Currently sitting at its 200 day MA support at 1270. This blog will turn bullish at its next significant support 1220. Gold is expected to stay weak for next  2-3 weeks until we get nearer to the US election in November or when polls shows Trump  to be winning again.
All posts and charts are for educational and illustration purposes only

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