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Small Comfort for Gold Holders

In the short run, trend support for gold is suggested at 1650, 1635 and 1600. But that’s small comfort. Both the 13 week cycle projection and the 9-12 month cycle projection point significantly lower. Gold threatens a breakdown from major long term support that would imply even lower prices than current intermediate term cycle projections.

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The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.

Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk. 

Posted in 3 - Gold Trader
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