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Thread: The gold

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    Default The gold

    The gold moved yesterday in a balanced pattern with some tendency towards the upside, at the same time the technical parameters indicated upside signals; therefore the expected move for the gold could be towards the upside slightly today.

    The trading range for today will be between the key resistance at 672.00 and the key support at 658.00.

    The general trend is up as far as 638.00 remains intact targets now at 680.00 and 720.00.

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    Default

    Reki, your forecast are really high but thats true, gold is gonna keep moving higher even forther of what you tell here.

    besides what most experts says about stability in the world. usa is gonna experience really hard moments in the coming months since the subprime trouble is more deep of what some forecast and is spreading like fire into other aspects of the economy, gas prices going high and since the gold is correlated with the dollar index, gold is gonna get close to that soon.

    ive read an article in bloomberg last week about this. so i talk with property.
    for the gold traders sm_win

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