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To: Hawkmoon who wrote (43226)10/17/1999 10:41:00 PM
From: Casaubon  Read Replies (1) | Respond to of 116762
 
Ron,

My interpretation of the XAU chart is that of a major trend reversal. The gap you mention would then be a breakaway gap. Such gaps are commonly tested as support, but not filled.

ref. Technical Analysis of the Financial Markets by John J. Murphy pg.94-95