Spot Gold (XAUUSD, XAUEUR) , Charts and Commentary

Gold finally show some real strength, closing the week just a bit above the Fibonacci 61.8% level and the exponential 50 daily moving average (50 MAE) on the spot gold chart I posted yesterday. The price action was so strong that even the upper resistance line on the channel chart failed to stop the gold rally.The Bull market in gold is alive and raging but just like the rodeo it will not be an

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