Friday, November 12, 2010

Gold


Gold still solidly inside bullish channel - two levels important 1360 ish 23.6% and long-term trend support at 1340. I do not think any of those two wil be violated but US rates going higher clearly a bad sign - plus the fact that Gold is lower POST POMO / and with EURUSD rallying is not good sign for Gold and metals overall.
 
Nice week-end
 
 

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