Failure Leaves Gold Prices Vulnerable to Major Declines
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Trade Implications GOLD – Several weeks ago we wrote that Gold may have set a lasting low as crowds sold aggressively into rallies. And yet the precious metal has failed to rally onto fresh highs, and our Senior Strategist writes that continued failure at these levels warns of further declines.
See next currency section: EURJPY - Major Shift Points to Euro Weakness versus Yen
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.