May 17th, 2012 16:26:46 GMT

Gold reaches upside cluster resistance target

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Gold has continued it’s move higher today and has gotten closer to the key cluster resistance area at the 1581-82 area (high reached 1579.90 see http://www.forexlive.com/blog/2012/05/17/gold-buyers-back-tests-underside-of-broken-trend-line/)   Early sellers have come in against the level. I would expects stops on a move … Continue reading

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May 17th, 2012 02:09:35 GMT

Around the markets

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Shares are mixed in Asia with most Bourses within 0.25% of their closing levels from yesterday. Gold was up by 0.75% to $1548 but is now starting to ease back off those levels. Oil is trading back above $93/bbl. Any chance … Continue reading

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May 15th, 2012 00:55:05 GMT

Gold: ACBs expected to buy near $1525

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Asian central banks like the Bank of Korea have been very patient in recent months, waiting for pullbacks, and the market is expecting to see them buying near $1525. These interbank reports have been very consistent over the last few … Continue reading

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