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TECHNICAL ANALYSIS OF GLOBAL FINANCIAL MARKETS STRATEGIC OVERVIEW OF MACRO ECONOMY & GEOPOLITICS

Another false break-out in gold!

Gold (XAUUSD, $1,863) failed to to hold at re-test at red line and now back in the 6-month long triangle formation. A solid support comes at $1,845 - 1,860, resistance at $1,890 - 1,892. Looks like, gold will continue trading sideways for a couple of weeks before it attempts to break out from the triangle once again. This post is not at investment advice.

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