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Gold broke below 4-year old support line (1) this past December. Now on this Leap Year day, Gold is testing this line as resistance at (3), at the top of a horizontal channel.
Much higher prices in Gold should take place if it can “Leap” these resistance lines!
* off
The media blamed it on The Bernake in the end, the fundamental story seems to be often foreshadowed in a chart
Reversed of the Overhead Trendline today big time
Resistance is Resistance until broken