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Gold Rally To Continue

From forbes.com

Gold is likely to move higher for three reasons. Seasonally, the strong months are ahead, this August and September. This is a static cycle and is not a complete picture without the dynamic cycles.The weekly and the monthly dynamic cycles have both bottomed. This is the cycle schedule: Weekly cycle low: August 2 August annual low: August 8 Monthly cycle low: August 12. The breakout in the monthly graph projects $1650 or higher as a price target by September at the latest.Here are interesting and bullish fundamental developments. The state of Nevada has developed legislation that will allow the issue of ... (full story)

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  • Category: Technical Analysis