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November 24, 2010 / Jeb

Trend Support and Resistance on The U.S. Dollar and Gold

An important inverse inter-market relationship is continuing between the US dollar and gold. They have both broken trendlines simultaneously and are threatening a counter trend move. Other than yesterday’s spike on a conflict in Korea, the dollar and gold have moved inversely and one appears to be bottoming while gold threatens to make a topping pattern

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