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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	3/18/2008 2:53:00 PM
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gold has likely topped some posts ago I suggested a likely top in the area of 1000 dollars an oz. for gold. The chart is showing signs that this top may be unfolding. The large black volume bar with diverging indicators is a strong hint that this is coming to be. As of this writing with 2 hours left to go in the market , a evening start doji appear to be what will be left on the chart. This is a bearish candle stick set up that will likely mark the top for gold. Of course what kind of top is the question, my best guess would be a significant top and surely a tradable top at least.

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