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Gold hugging support line as risk appetite improves

By   || July 26, 2010 at 14:11 GMT
|| 2 comments || Add comment

Who needs canned goods and ammo when its Mardi Gras? Life is good today, and the outlook appears to be less dire than it did just a week or two again. Paaar-tay!

7-29 gold

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2 Responses to “Gold hugging support line as risk appetite improves”

  1. Ian on July 26th, 2010 14:17 GMT

    $1181 is also the 100 day SMA and the 38.2% retracement from the years low to the years high ($1042 – $1265).. watch out below if we break this, nothing until about $1160.

  2. Ian on July 27th, 2010 15:01 GMT

    nothing until $1160 was the call on gold, we almost got there.. Next target is $1155, then $1129.

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