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

Relief rally in gold!

Gold (XAUUSD, $1,695) having tested a 2-year major rising trendline is rallying towards it's initial resistance (red). Apparently previous break-out was a fake-out.  Resistance for gold comes at $1,702/05 level. Legitimate break-out could take gold back towards $1,800 level.

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