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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (3567)2/20/1999 8:56:00 AM
From: chevalier  Read Replies (2) of 81821
 
Take a look at this chart on the XAU:
iqc.com

I see a classic descending triangle formation that appears ready to make a move. My guess is that it will be to the upside. The stochastics may be giving us the best indication of all. They have made 3 successful higher lows since mid December which is a bullish divergence with price and are about to cross over into buy territory any day now. The RSI has made a higher low since early December which is again bullish as has the MACD.
All I can say is that I think we are about to see some more volatility in the XAU and gold market than we have in a little while.

Have a nice trip to Mexico
Ari
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