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December 6, 2011

Gold Respects Triangle Resistance; Swing Projection Targets 1628

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Gold has been consolidating since the end of August, and has apparently developed a triangle. The resistance is more clear than the support as the market again respected the projected resistance. Note that this resistance was also 61.8% retracement of the latest downswing. 12/5 session candle was... FF News: Technical

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