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Gold Hits Channel Resistance
Written by article default Thursday, 07 October 2010 10:36
Daily RSI has tested the November 2009 extreme and gold has also traded above its multi month channel line today. An objective going forward remains 1405, which is the 100% extension of the 1048-1270 advance. A setback could find support at 1322. Only sustained weakness below there would indicate a trend change.
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