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Thursday, May 22, 2014

Gold update

Gold has been mapping out a Flat wave Pattern on the intraday charts inside a Flat on the Daily Charts. A Drop in price Below the support (fuchsia colored box) and a Test of the Cloud support line is in order. The Time Frame has a good set up for the Price to Break out thru the Cloud resistance up until June then the resistance (overhead) will be stronger.

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