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Big movement expected on Gold DECEMBER 2019 after a breach of the support

Gold DECEMBER 2019 has broken through a support line of a Triangle and suggests a possible movement to 1466.1389 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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We expect a 49,250 pip movement on NKD within 48 hours following the event release.

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We expect NG to trend downwards right now.

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