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Re: Gold Backing Off again/Testing support *PIC*


I would agree with you that the trendline has held. That a break below the 39 level may lead to further downside. However it broke the triangle and the trend line for a moment awhile back, and looked to break a small upward channel recently, but not the uptrend line. Seems to like to peek its nose outside formations and then scoots back into formation. One of these days it will make up its mind.