Tuesday, October 4, 2011

Gold is testing again the 38.2% fib level after a trinagle breakout



After a bullish triangle breakout, price is testing the 38.2% fib retracement. Penetrating that level will push Gold further above, otherwise, this is only a correction for Gold downside since last two weeks high. Bearish momentum will push the green buck further and we will see more buying. 

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