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Gold Retreats, Trend Still Up: Technically Speaking with Jim

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August 25, 2011
Posted by in Gold

After five straight days of gains, gold is seen retreating. Jim Wyckoff, technical analyst at Kitco, explains that despite recent corrections, the overall trend remains up for the metal. According to Wyckoff, the path of least resistance (sideways and up) will continue until some technical indicator suggests otherwise.

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