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Re: None

Thursday, 09/07/2017 1:52:25 PM

Thursday, September 07, 2017 1:52:25 PM

Post# of 19856
Fwiw, the dollar has broken key support (the 92-93 band from the 2015 an 2016 lows). After peaking late last year ~103, it's been basically straight down since, to the current 91.67. Next support should be 90, though first it might move back up to re-test the 92-93 band (which is now resistance).

The lower dollar and Korean jitters should help gold. But if it wasn't for those factors, I'd say gold would soon hit key resistance (1375 - the 2016 high), and then the smackdown team would step in aggressively to send it back down.

But this time, who knows, it may just move above 1400. If so, that would be a clear trend reversal - into a new uptrend which will reverse the official market psychology from 'sell the rallies' to 'buy the dips' (based on the rules of TA/technical analysis anyway)..






















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