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Aug 11 at 04:07 AM
$SPDR Gold Shares(GLD.US)
Gold has done quite well recently. She has broken out of her rectangular basing channel in what looks like a micro 5 waves. Volume looks good and expansive on the move. However caution ahead - The daily 200 MA beckons. The most bullish move will be a gap and go beyond the 200 MA. Alternatively price pulls back in three waves which will set up for a sustained rally.
CPI ahead might provide the catalyst for the next price action.
@Captain's Treasure
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