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Gold – Some Chart Analysis

| July 14, 2013 | Category: Trading
Gold – Some Chart Analysis

In light of the recent apparent reversal by Fed Chairman Ben Bernanke when it comes to the timeline for any TAPERING of the Fed’s Bond Buying program, I felt it might be a good idea to take a look at where gold stands on the technical price charts. From a pure chart perspective, the current move higher in gold is nothing more than a rally in an ongoing bear market. Remember, a market can end a trend without necessarily beginning a new trend in the opposite direction right away.

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