Setting the Table - A Look at Gold
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| Eröffnet am: | 29.08.04 19:17 | von: FlorianPasca. | Anzahl Beiträge: | 1 |
| Neuester Beitrag: | 29.08.04 19:17 | von: FlorianPasca. | Leser gesamt: | 3.721 |
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Ron Griess
Summary points:
* The saucer pattern of price action of both the nominal and "real" price of gold represents a multi-year consolidation and bottoming formation.
* The upper orange downtrend line of "real" prices is slightly above current levels.
* A period of sideways price action (a handle) might set the table to break above the downtrend line and old resistance at approximately $430/oz.
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