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4Godnwv

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4Godnwv

Re: None

Saturday, 08/20/2016 7:37:20 PM

Saturday, August 20, 2016 7:37:20 PM

Post# of 43756
Looking at the ytd $GOLD chart:

After a fantastic June, July was basically flat, albeit it did take a short lived nosedive mid-month. Aug has proven itself to be relatively boring, as advertised.

The POG has drifted from the top of the BB to the 20dma. Currently sitting at 1346, the lower BB is just below @ 1320 and the 50dma is just below that & 1320. Both act as resistance, as does 1335 and 1310.

Assuming nothing really catastrophic happens (in this environment anything is possible) I think $GOLD continues to display an allergy to the 50dma and as the bollies tighten going into Sept we get a seasonal bounce to new highs.

GT's,
4God





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