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When technicals break down in one time frame it is useful (to me) to review them in another.

Looking at the weekly, gold broke through the 50 week with some authority today. The oscillators that I follow all turned negative around 12/1. Finally, the 50 week was sitting at the bottom of the price envelope - which is now also broken.

This is an outstanding opportunity to short gold with a clear shot to 1575 and below.

disclosure: have been short silver for a few weeks
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