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Gold Analysis (2015.03.05)

The intraday technical outlook

There has been an increase in market volatility following the break down from the small up channel.

As the longer term trend continues to point down I will be monitoring the price action for a further move lower.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1215.00 level.

Gold Chart

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ACFX

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