2010-02-24

Double bottom at USD1,100
















After posting a double bottom at USD1,100 during Thursday trading the gold price took off upside. Here might be a non- manipulator explanation for today's action. Gold appears to have completed the first leg up of a move off USD1,100 and today has been correcting that rise. If that's wrong, then gold could break USD1,100. Now gold trading at USD1,104 level.

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