Wednesday, November 18, 2015

Gold Bounce?

Gold is near the lower support of a two year descending trading channel. So far it has bounced off this line three times to head off to the upper resistance line. Each time has been a potential end to the gold bear market of 2011-2015. The expectation is the technical traders will go long when this line is touched. Will it be enough to propel gold through the upper resistance line and into bullish territory?





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