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FSN: Dollar Index Loses Minor Trendline Support – Gold is Breaking Out
Tuesday, August 21, 2012 15:21
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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Scott Pluschau
Gold Seek
The Dollar Index failed to hold the rising trendline support of the triangle on the near term 30 minute chart, see left hand side below. This trendline was identified early in this past weekend’s update on the Dollar Index.
The dominant pattern is still the bullish “Cup with a handle” on the weekly chart. The Bulls are struggling with the extended neckline support and failed patterns are very strong signals.
Continue Reading at GoldSeek.com…
2012-08-21 15:12:45
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