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April 4, 2012

Gold breaks below central pivot zone toward range support

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After the FOMC Meeting Minutes revealed a lesser chance of further stimulus measures, the USD strengthened as commodities such as oil and gold fell sharply. The 4H chart above shows a few bearish clues: The break below previous low near 1628.10. Staying below the 200 SMA. Pushing the RSI below ... FF News: Technical

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