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Metal Markets...Looks like Bottom Is Forming

In the gold market, as long as you stay over the 18-week average of closes, I have a bullish bias. Then I looked at the chart and I said, you know, the market's gone and stepped ladders down, will this be it?

I gave a couple of numbers where you might go down to, didn't have to hit them but what could the market do? Well, the pattern that is now formed is one of higher lows and higher highs. So the market has broken the short-term downtrend. In order to break this pattern you'd have to get back under $2320. So well, $2320.20, got it? That would be the number you have to break the support.

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