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Metals: China Disappoints By Offering No Specifics


So, when we take a look at the gold chart of closes, you can see how you came down, and back up. In all fairness to gold, for the week, it's still up 1.85 percent. Yes, it's well off the highs, but it's still there. 

When we take a look at the chart pattern, you haven't been bullish anyways. What you've had is a lower low, higher high pattern. Period. What else happened? You'll see. The market got to the 18-day average of closes - rallied nicely from it. And where is it having its problems? Right here.

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