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[fib_1618]

Partially taken from this past weekend's Weekly Breadth Data update.

"As has been the case for many months now, the Precious Metals and XAU advance/decline lines continue to meander sideways with the price of gold moving deeper into the apex of a large symmetrical triangle configuration outlined in orange on the PM chart. Current overhead resistance lies at the $1325 level with $1270 supporting the lower end of the triangle. Any break either above or below these levels, with breadth showing leadership, will finally put an end to this important consolidation pattern."

Fib