The gold inside bar we discussed in the commentary from 9-1-10 of installation has come, as foreseen in the direction of recent bullish dynamics and is in possession of higher prices, as we can see from a candle of refusal bullish on Friday.
We can also see a couple other gold price action configurations in the chart below which provided excellent entries in this bull latest move in gold.
Resistance in the gold market comes near 1260.00-1264.00.
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Comment:
Forex trading volume was very light today because of u.s. and Canadian Bank holiday.
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