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ASX_Merchant

117 Posts.

31/10/16

12:22

Post #: 20248565
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Originally posted by AverageJoe ↑

Yes and that is why until price breaks 1900, it is premature to call the current trend a bull trend as some here have defined.

The daily overhang of price above 1300 is no different to viewing the weekly and seeing above 1500 overhang. They has to be very big changes to economic fundamentals or maybe political as well to move price that hard back up. I don't understand trigger fundamentals anymore because the logic has been obscured by the rate rise that cause a very good reversal off the 1050 lows beginning of this year.

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Can't call a gold Bull trend until it breaks $1900?

I see.
7 Upvote

0 Great analysis

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