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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)
"..$47 /oz in August. The $50 record is seen before end of Q3.."
for that move to happen i like to see more of a false break first to the downside of 40-41 range we just seen.. ideally 38-39 properly tested and held ..
and as for gold.. might not be quite there yet.. 1650 still beckons?..
break above 9529(still unable to break atm) only signals... that wave from 9778 has ended.... could test the upper resistance line(around 9600 level) .. but it's not a must... could just test 9550/60 and head lower and nothing wrong with that...
my target for wave from 9913 high still remains @ 9240/50... b4 we could see bigger bounce... but as long as CAD trades below parity..... it is very likely to break into new lows... in coming months/years...
gl/gt
gl