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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (57918)	9/6/2000 8:58:54 PM
From: TATRADER	Read Replies (1) \| Respond to of 116756

let's not get excited, but a few alarms went off today on the bullish side technically... 1)The 30 period envelope sits at 54.25 2)The 30 period Bollinger sits at 54.06 3)The 20 day moving average is at 52.02 4)The 50 day moving average is at 54.06 5)ADX moved up finally from 17 to 18 today 6)Pattern is a nice double bottom Translation: the close today held above all the key band areas, which obviously is positive, except the 30 period envelope..We snuggled right up to it... Now, normally, the XAU would sell off tomorrow, and not be able to break above 55.00....My fast stochastic 8 period says that is the probable scenario...However if we can make a convincing break of 55.00 look for a touch of 56.50 as new upside target before consolidation...Secondary target is 58.50-59.00