Wednesday, August 13, 2008

6:05AM PDST

gold retraced up to the 75% point at 82910 paused to consolidate but didn't show enough momentum up, so now it is pulling back to the lower congestion area around 82450, but could go down further to the 75% retrace point at 82250... gold needs to move higher and take out 83250 firmly to start the new UP TREND in gold.

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