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Gold Continues to Rally, Moving Above Former Resistance
The first of the double bottom’s occurred during the first week of March and then trading back to that price point on March 31st. What followed was over a month of strong price advances that unfolded as a stairstep pattern in which gold prices would advance and then consolidate trading sideways at that new higher price level. Prior to the conclusion of the double bottom, gold was trading under all three major moving averages as well as the 21-day exponential moving average, with all of the major moving averages in absolute bearish alignment. chart On the chart that we have included in this article, we have added ... (full story)