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Post# of 10312
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Re: None

Saturday, 01/17/2015 8:11:11 AM

Saturday, January 17, 2015 8:11:11 AM

Post# of 10312
4 charts, GOLD,GLD 60 and 30 min, GDX 60: GOLD making a decisive breakout of the down trend and looking for a move up to the upper tine of the small up fork which is also shown in the GLD charts. GDX is significant as it has not broke the down trend as of yet and the tag of the descending TL could,probably coincide with GLD tag of the upper fork tine. I would expect a correction at that level and although GOLD has broken from the down channel, the channel is descending and a retset of the channel could,probably would be expected. A quick look says GOLD up to 1315-1325 and then retest the 1200 level which was very important. All IMO of course.





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