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here's my weekly. rising green line is the weekly uptrend - the red line is that channel support or fractal that seems to have been the backbone for the entire move.
the uptrend and downtrend from 2011 intersect mid November
i stil think the usdjpy will be the trigger - it will be just reflected here - not driven by usd gold.
but thats just a view.
i also have an opinion that - because usd gold reflects so many other currency and interest rate differentials - i tend to think its technical reliability will break down the further it gets from key catalysts events/primers. its not a supply/demand driven item at this time so its price expression i think has much more arbitrage away from key concensus points.
which takes me back to usdjpy
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