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Gold Focus is on 1433

Weekly Bars

Prepared by Jamie Saettele

Gold's rally has exceeded the 78.6% retracement of the decline from the top and new highs look likely. Trading to a new high would shift focus to the next big round figure at 1500. Keep an eye on resistance lines as well (there are 2 lines - one extended from the December 2009 and December 2010 highs and one extended from the February 2009 and December 2009 highs).

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


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

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