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$1,391.7 gold futures

If you'd like to take a punt Doctor, if this breaks out above...

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Skol

32,983 Posts.

1376

16/10/19

07:39

Post #: 40900198
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Originally posted by Dr.Who: ↑

Skol, gold and the mining sector is coming under increasing pressure. It is to be expected, a regression to the mean is the likely outcome - the mean around 4%pa.

I can see it drift to the bottom of the trading range 1360. The trading range boundaries increase in time along with inflation. We now have 1360 - 1570.

Gold trades like an illusionist performing on stage. It appears to be doing one thing (consolidating) while it slowly creeps lower and lower.

Gravity is weighing on gold. Gold lower for me!

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If you'd like to take a punt Doctor, if this breaks out above the green it should provide some decent profits.

Last edited by Skol: 16/10/19
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0 Great analysis

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