Possible bear flag in the making......lets keep an eye on it....
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extended flag formation ..move of 61.8% retracement completed which is not comforting .,shd have been 50% and then the dump...now support at 1245-50..still a small uptrend channel...only thing which is comforting fr the bears r the low volumes of this upmove. having said this jan is mostly a bull month fr GOLD....