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Gold Short Term Bullish Base?

By DailyFX,  May 01, 2012, 06:38:00 PM EDT

Daily Bars

Prepared by Jamie Saettele, CMT

Last week's hold above the 4/4 low suggests that gold has been forming a bullish base since mid-March. Exceeding the April high would put bulls in control towards the trendline above 1700 (that line extends off of the September 2011 and February 2012 highs).

Bottom Line (next 5 days) - higher?

forex news currency trading


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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