Macro Afternoon

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by Chris Becker

Markets were digesting the weekend news in Asia today, barely moving around their various points of control, aside from the usual Monday morning gap and assisted by a holiday in Japan.

Commodities were largely unmoved, although I’m watching a rather interesting rectangle base pattern forming on gold as I mentioned this morning. Going into tonight’s fix in London, a safe haven bid above resistance at $1335USD per ounce is on the cards:

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