Market determination

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Chart courtesy of http://stockcharts.com

Among other important aspects, geopolitical problems (which have calmed for now) are a critical factor for gold. And it is a key issue for oil that has been dropping heavily for more than a month in parallel with world troubles softening. This situation sooner or later would hit Gold as it did today (and other markets as well).

In the charts we see oil stretching to the downside, even under EMA200, and Gold back to the 616 zone.

Let´s see what kind of weakness we may still observe on the near future.

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Chart courtesy of http://stockcharts.com