XPDUSD - DAILY - TRIANGLE CHART PATTERN

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Forex Education Video for XPDUSD showing a TRIANGLE CHART PATTERN posted on 06-08-2013

XPDUSD - DAILY - TRIANGLE CHART PATTERN

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PALLADIUM inches lower as a mining forum takes place in Kalgoorlie.

A Forex trading technical analysis video showing today's test of the lower edge of a triangle chart pattern.  This as the so-called Diggers & Dealers mining forum takes place today in Kalgoorlie, Australia.  The World Gold Council believes the supply/demand imbalance in the spot gold market will stabilise because 'recycling is positively correlated to the gold price'.  Were spot palladium prices to close below the triangle, 10 and 20-day moving averages would probably cross to a short position, backing up the parabolic SAR which did so 7 days ago.

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Nicole Elliott

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