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TFC Commodity Trading Forum

April Gold/Bouncing off Support *PIC*

April Gold tagged the 1550 price support area after reaching a very oversold condition and is bouncing back. The chart remains bearish regardless. Resistance on a bounce back is the Jan low that price broke down from at $1630, should it rally that far. Seasonal trend charts in all time frames show a wide sideways choppy trend into a late summer low.