Gold Dome Break Out Held at Resistance, Stocks Bearish Pattern
Gold broke out above its Dome boundary last week, which was not what we were expecting. Fundamentally this action was due to fears relating to the worsening situation in Libya, and while this breakout is a bullish development, it has not as yet led to a breakout to new highs, and the bearish overall behaviour of PM stocks last week means that it could have been a fakeout.
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Bearish, Break, Dome, Gold, Held, Pattern, Resistance, stocks
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