I"m not saying they must continue falling unabated. I think we may get a rise soon. Like starting today.
Scott
XAU target 65 in 10 days
Started by
no_mind
, May 11 2004 04:27 PM
12 replies to this topic
#12
skott
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Posted 13 May 2004 - 10:19 AM
we do need a close above 377.70 GCM to confirm a move higher for gold. dollar is still in uptrend for now and needs at least a close below 91.34 to signal any downside....so we could get more down in gold/goldstocks.
Scott
#13
no_mind
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Posted 13 May 2004 - 02:22 PM
The dollar moved up to 92.12 today as if to imply that wed. was the pullback to test the crossing above its 200ma and now it's up, up & away. We'll see how it reacts Fri. after the CPI figures.
