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Message: Tecnical analysis of gold from 321 gold

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jasmts

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Re: Tecnical analysis of gold from 321 gold

in response to Re: Tecnical analysis of gold from 321 gold by jasmts

posted on Jul 04, 09 06:39PM

Fellows should have mentioned Jordans post 7-02 "Quick note on gold. It is range bound from 920-940. A break below and it tests 880, a break above and it tests 980. I favor the break below because I continue to expect some rebound in the dollar. Volatility is starting to compress and that should increase as we enter the slow time of the year. So it will be important not to make much of these small moves. That being said, I do believe we will see "The breakout in 4-6 weeks and so that means there will be some final buying opportunities in the next few weeks." Kind Regards, Jordan Don

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