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Metals Market Commentary – 8/27/10

posted by Avatar topequitynews 532 days ago in Daily, Metals made popular 530 days ago

October gold was higher overnight as it extends the rally off July’s low. Stochastics and the RSI are overbought, diverging but are neutral to bullish hinting that additional strength is possible near-term. If October extends the rally off July’s low, the 87% retracement level of the June-July decline crossing at 1253.30 is the next upside target.
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