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Gold finds itself at a very important test of support at (1) in the chart above at the top of its falling channel. A break of this support line could bring in a new round of selling pressure for Gold and other precious metals!
The Power of the Pattern suggested to get off the "Crowded Gold Train" at $1,900 per ounce.
Joe Friday: "Multiple support points come into play at the $1,300 level for Gold at (2)."
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