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UK House prices predicting general election result

Gold Downtrend Continuation

Commodities / Gold and Silver 2013 Jun 11, 2013 - 06:19 PM GMT

By: ForexPros

Commodities

A sharp reversal from 1423 through the lower side of a corrective channel suggests that a rally from 1337 is complete, and that the market is headed lower. We expect further weakness on gold for this week, ideally close to 1340 week with impulsive personality. The trend is bearish; below 1423 is critical level.


Gold 4h

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