Gold Prices (2016.05.20)

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Gold Prices – Gold markets initially fell during the day on Thursday, but found enough support below the $1250 level to turn things back around and form a bit of a hammer. The hammer of course is a positive sign, so if we can break above the top of it could be a nice buying opportunity. The market would then reach towards the $1300 level given enough time, and with that being the case it would be a nice opportunity to profit off of what has been a reasonably strong uptrend over the last several months.

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