Gold Retreats, Trend Still Up: Technically Speaking with Jim Wyckoff

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After five straight days of gains, gold is seen retreating. Jim Wyckoff, technical analyst at Kitco, explains that despite recent corrections, the overall trend remains up for the metal. According to Wyckoff, the path of least resistance (sideways and up) will continue until some technical indicator suggests otherwise. Also discussed are the upcoming Fed meetings in Jackson Hole, Wyoming. Wyckoff says stimulus is to be expected, and markets can already be seen reacting as such; if news did officially come this Friday, it would likely provide a boost. For Kitco News, Daniela Cambone reports. Join the discussion @ the Kitco Forums – http://www.kitcomm.com Follow us on twitter @ http://www.twitter.com/kitconewsnow Connect w/ Kitco News on Facebook – http://facebook.com/kitconews Send your feedback to newsfeedback@kitco.com http://www.kitco.com

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