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

Gold Long Term!

Gold (XAUUSD, $1,794) is on the brink of a major break-out from a 15-month flag shape consolidation (blue). Since impulsive advance in gold usually lasts 4 - 5 months, a successful break-out is likely to take gold up to $2,300 early 2022. Key resistance comes at $1,925 - 1,950!

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