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Gold Bullish above 1300
Written by article default Monday, 04 October 2010 04:59
Daily Bars
Daily RSI is now above 81. The rally is clearly extended. An objective going forward is 1405, which is the 100% extension of the 1048-1270 advance. The short term trendline is at 1333 today. A drop below 1300 would shift focus to last week’s low of 1275.
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