Wednesday, April 07, 2010

Gold consolidating before moving to higher levels

Gold is just about to test some short term support, which needs to be breached before gold can rise to higher levels. I am expecting it actually to be sold back in the short term. It has upside to $1150/oz, however I am looking for a pull-back to $1100/oz in the short term before it challenges $1125/oz.
These are not moves long term investors would care about.
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Andrew Sheldon www.sheldonthinks.com

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