By FXEmpire.com
The gold markets had a positive week over the last five sessions as the $1,550 to $1,500 level continues to hold up as support. However, there is the question of a possible descending triangle, and this could signal much lower prices. Quite frankly, the bulls will have to overcome the $1,640 level in order to keep the uptrend over the last decade moving. A break below the $1,500 has the bottom of this market falling out, and as a result we would be very short of this market on that move.
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Originally posted here
