Technical Analysis

Gold could be a big mover in next few days (retail market is quite long)

The market, especially the retail market, is quite long at the moment with some brokers reporting over 80% of accounts as being long. If the election gets really tight, any possibility of a Romney win could see these positions start to get squeezed. Support/resistance parameters are at 1675/1725 and we could see some heightened volatility here.

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