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Gold Breakdown Needs Confirmation

Price has dropped sharply in the last two days and has managed to drop below the uptrend line and much below the warning line (WL1) of the major descending pitchfork. Remains to see if this will be a valid breakout, we still need a confirmation that will drop further. A retest of the WL1 followed by a minor drop will validate a further decrease.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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