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Bearish Tone For The Gold?

BATS:IAU   ISHARES GOLD TRUST
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After successful brake above the triangle consolidation almost everybody started buying on the evidence of renewed bullish trend . However the party lasted up to yesterday, when the price of $1632 closed below long term trend ( 200-day moving average). The most bearish case is around $1500 level. However the overall expectations for the gold support long term appreciation with target price $1950.

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