Saturday, May 22, 2010

GOLD (Update)

Gold has sold off strong from that resistance zone I mentioned a couple weeks back.  I didnt' think it would come off as hard, but I still like Gold to move higher.  It found some buyers on Friday in a fib cluster support zone combined with a 50 DMA.  Let's see if you get some follow through buying in the next couple days.  The next solid support zone is around 1144-1150.  I don't expect Gold to move below this area with another attempt higher. 


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