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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
1700s coming up again.
We had 2 dual trades in gold, the short got stopped out, the long is in progress
Ashraf
Ashraf
"..Gold finds a bottom after stopping short of the 200-DMA
yesterday, still support at $1529.70. A positive close today will
confirm the Hammer candle-pattern noted yesterday. Initial price action
has broken through the 100-DMA, former 61.8% Fibo level and the 5-DMA,
while daily studies turn higher and stochastic study shows a buy-signal,
however, RSI and momentum remain in a bearish trend.."