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TFC Commodity Trading Forum

Gold Rally/Just a bounce within its correction *PIC*

Gold had a double top two weeks ago on very weak momentum (see lower chart) and is presently bumping up against its two week downtrendline and broken uptrendline and 20ema that has rolled over. 1st support is $1723. Only a breakout close above the two week downtrendline would suggest a run to a triple top. Not likely with the weak momentum.