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Gold Spot through 3306.825. Is this a confirming a breakout? Will it continue its path in the current trend toward 3262.6143?

This trade setup on Gold Spot is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 3262.6143.

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We expect a 35 pip movement on USDCHF within 2 hours following the event release.

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ASX 200 is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 14 days.

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