Tuesday, August 5, 2008
5:40 AM PDST
Gold fell almost exactly 75% of the move up from 88910 to 89520, back down on the opening
and then zoomed up to beyond 89520, hitting 89590, which also took out a slightly higher
old top at 89570 before pulling back and possibly forming a down flag to consolidate in
before it moves up higher...
If it doesn't to that quickly, gold will sell off again and possibly retest 88910 or even go lower.
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