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Gold: $965/970 key

By   || September 29, 2009 at 13:06 GMT
|| 1 comment || Add comment

We have a year-long uptrend coming in on the charts around the $965 level and the broken downtrend from earlier in the year which contained prices until early this month. If dollar strength is sustained, gold should continue to fall on profit-taking. Confirmation of these trends will be seen below the $965 level in Gold and the 1.4450 area in EUR/USD.

9-29-gold

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One Response to “Gold: $965/970 key”

  1. pnolkha on September 29th, 2009 13:28 GMT

    i think gold next weak 1050 usd

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