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Date Posted: 10:06:31 02/29/20 Sat
Author: philbond007
Subject: Gold: weekly candle chart

Using the bottom most candle WICKS for channel, it looks like gold closed out it's MONTHLY & WEEKLY candle pretty much around channel support. Note that both Gartley triangles showed candle bodies trying to hold support around the $1,634 level.

Just my opinion, but gold didn't need $1,690 or so, to go higher, it needed to close out the week & month around $1,634, which didn't happen. For now, the action's gonna be around the "blue dashed" CHANNEL support line around $1,580, & if that gives, then $1,530 is in the cards.

Adjusted support down to $1,530.



4HR




WEEKLY




MONTHLY



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