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Tuesday, November 3, 2015
Gold testing key support
Gold daily is testing the kumo and the wedge support. Depending on the U.S. interest rate rise outlook, we could see gold fail back below this wedge if the chance of a rate rise by December increases. As I have said numerous times, there will be no rate rise but it all about perception, not action. We should have a better idea on Friday when we see what the NFP number comes in at. See what happens.
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