Feb 12, 2013
Gold trading at $1647.77
Gold prices are close to fully retrace recovery rally from 1625 (04 January low) to 1697 (17 January high). According to Slobodan Drvenica an analyst at Windsor Brokers Ltd., “A break below the triangular consolidation and subsequent loss of the near-term range floor / 200-day MA at 1660 zone has signaled a fresh direction.”
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