Another Try at March Highs in the Offing?

Deliberations on World Markets
"The gold correction has been probing and holding above its rising 200-day MA, and the initial drop to $846. I've been looking for a lower test, sub-$800, but with the pattern formed in the last month, I would suggest that a move above the initial rebound from the low, $935, could suggest another try at the March highs at $1034. The weekly RSI and stochastic indicators put in momentum extremes in April that could clearly be supportive of a rise from the $850 area." (6/18/08)

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