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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (53657)2/14/2021 7:03:29 PM
From: Johnny Canuck1 Recommendation

Recommended By
Cogito Ergo Sum

  Respond to of 69211
 
Long term chart of gold indicates it is at an important support level that has been test a few times in the last year to 18 months.



Next support below it 1650 and then1450.

Short term gold may be oversold due to interest in Crypto currencies.

Given the volatility Crypto currencies are not the store of wealth it needs to be.

Governments can easily issue their own crypto currencies which would make it legitimate but also take
all the wind out of Bitcoin and other crypto currencies.