Archive for September 9th, 2012

Gold Consolidation Formation Continues to Develop

Gold Consolidation Formation Continues to Develop

| September 9, 2012

In September of last year, our analysis predicted the development of a meaningful correction in gold. The long-term high formed as expected and the decline broke below cyclical uptrend support in May. However, the breakdown was not followed by a move down to new intermediate-term lows below congestion support at the 1,550 level and the [...]

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