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Not so gold bullish any more

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Not applicable
The weekly NY gold price chart shows the gold price in a descending channel from its highs last year. Its hit upper resistance this week and it isn't looking like its gonna break through. Might be that some gold producers are going to pull back again.
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4 REPLIES 4
platsak
Super Contributor
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Not applicable
Yeah I'll have to see what GT247 allows me to short. I'd wait for a bit more confirmation though that the trend has changed. Look at 200 day EMA and/or trendline breach.
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ws
Frequent Contributor
I notice quite a few directors buying the dog?
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Not applicable
If the gold price breaks up from its channel, I'd be the first to buy me some Harmonious Dog. As long as the line holds, the price is going down.
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