Intraday Market Thoughts

Archived IMT (2009.12.02)

by Ashraf Laidi
Dec 2, 2009 21:42

GOLD FINALLY BREAKS to new record high vs. the JPY at 106,386, which had been holding since Jul 2008. We argued in the latest piece that gold had yet to break its previous highs vs. EUR, JPY & AUD last week, despite a daily break vs. EUR. But only today, the metal pushed up to new highs, including the JPY (but not yet Aussie), meriting scrutiny whether this is maintained til end of week. SEE OUR LATEST HOTCHART ON AUDUSD


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