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1 hr and 5 min Charts of $GC_F (GLD)
Wednesday, August 29, 2012 14:30
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The uptrend in place from last week broke at 1666 leading to a drop into the 1654 area before we bounced back to 1663.
now what? perhaps a test of 1668 as the volume which flushed and traded on the spike was almost 17,500 contracts.
Jackson Hole speech coming Friday.. gold and bonds will stage large moves… If he prints, gold jumps.. if he disappoints the QE seekers.. it falls… and bonds will perhaps rise…
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| 5 min GC – note the white oval at 1668.. the up trend.. |
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| 1 hour GC.. note the trend break and volume today.. |
2012-08-29 14:21:34
Source: http://www.hedgeaccording.ly/2012/08/1-hr-and-5-min-charts-of-gcf-gld.html
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