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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: isopatch who wrote (92418)7/17/2001 1:21:54 PM
From: Arik T.G.  Read Replies (2) of 95453
 
Thx,
HUI and XAU both formed one of my favorite patterns - the declining (bullish) wedge. HUI already out on the clear but XAU still struggling.
Spot OTOH still shows no trend. I still think it would trade below 274.5 before a new leg up, and although I'm somewhat surprised by its constant higher closes recently, the intraday pattern is still not showing a ST trend up.

So mixed signals here. Maybe the recent weakness in the Dollar is why spot Gold cannot make the target down.
Message 16087369

ATG
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