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Will US and China Finally Reach a Deal or Not?


In the gold, you're down for the week, five-tenths of a percent. It's nothing. Alright, five-hundredths you might even say, so it's not down very much. That's the first thing. You can see the sideways action that has developed in the marketplace. You are void of the trend.

It pulled back to the 18-day average, looking for direction. Now, a move under $3313.10, that would give you the possibility of lower highs, lower lows. And if it closed under that, you'd actually have a bearish formation. 

If you rallied again, I would look at the resistance at $3431. This is the support on this break; if it throws out a bear pattern, then it's wherever the Bollinger Band is. But that's what I'm looking at now, and momentum has turned down.

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