After an strong bullish trend , gold's chart reacted to 78.6% fibo retracement and got stuck in a triangle waiting to see if it wants to break the long time support price which is 1920$(on 01 sep 2011).after breaking this price(1920) now it made a downward channel which yet needs validation alongside another channel which provides a dynamic support to help the price rise. these two channel exactly crossed each other today and it seems that we have to wait and see which are more confining.
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