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The metal posted gains in each of the last three trading sessions, gaining momentum even as stocks have been buoyant in the past few weeks, partly because investors have been hedging their bets, fearful that the advance in equities from their coronavirus nadir isn’t sustainable.
“In fact, the rally prompted further investment demand for gold as an increasing number of traders are viewing the continued gains on stocks as fragile and unsustainable,” wrote Carlo Alberto De Casa, chief analyst at ActivTrades, in a research report.
Charts posted are not recommendations. They are just a sharing of information.
The very first touch of EMA20 in 2+ hours, watch for ema short setup.
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What MACD histogram tells me? the new Lower histogram bar points to further weakness to follow, Jun 15 low got higher chance to be tested. no holy grail but something to keep in the back of your tool box.
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Last edited by BullBear52x on Wed Jun 24, 2020 2:02 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Need 100% mm up to take bulls seriously. My guess is a triangle is in the making here.
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