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

Gold is breaking out!

Gold (XAUUSD, $1,903), after a week long consolidation, managed to break the upper band of the channel (red). If this is a legitimate break-out then gold is destined to test $1,950 - 1,975 dollar level, following which it is likely to sell-off to re-test $1,835 - 1,850 area!

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