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DY: Gold Former Resistance Now Support
 
Sights remains on round figures such as 1300, 1400, 1500, etc. Watch channel resistance going forward. The line is at 1321 today and increases about $3 a day. Of note are the blue colored bars on the chart. These bars indicates an RSI that is above 75. This happened back in November 2009 and May. In both instances, Gold continues higher (but possibly in more of a choppy manner) before reversing.


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