Gold:There is still a bearish configuration on the daily chart, indicating that the momentum is still down. The Slow Stochastic is floating around 50, which supports the notion that there is still room to run. In the shorter time frame there is a bullish cross forming on the hourleis indicates that there might be a small bullish correction before the bearish move resumes. Forex traders can maximize profits by selling on highs and taking advantage of a currently bearish trend.




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