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Monday, April 11, 2016

BREAKOUT


Well, it doesn't matter what your opinion of gold is, because the chart is the chart:


Friday's and this morning's candles are a breakout after a nice horizontal price consolidation. MACD got worked off and RSI trended calmly down to 50, and now price is moving upward.

I don't care what the reason is: I haven't looked at Business Insider or any goldbugger blogs for weeks now, and so I can merge with the zen of the market that says "you buy things that break out".


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