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Gold price has reached the green box area now and will wait for a reaction. If a strong bullish bounce reaction occurs in this area then the bullish trend will be confirmed to continue. Meanwhile, a further decline below this area could be a bearish sign in the medium-long term. In the long term, as long as prices continue to form higher swing high and ...
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Natural gas sold off sharply in the past trading sessions, putting the commodity price in correction mode on the long-term time frames. The Fibonacci retracement tool on the latest swing low and high on the 4-hour chart shows potential support areas. The 38.2% Fib is at $2.449 and the 50% level is at $2.311 near the 100 SMA dynamic support. A larger ...