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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Vendit™ who wrote (41652)12/12/2012 10:01:54 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 222108
 
I have to believe gold has bottomed and is moving higher into new highs once again... here's the weekly futures chart over the past 5 years... it doesn't spend much time below the 55 week moving average before popping back up above it again... in fact, it only moved below it twice in the past 5 years... that's not bearish...IMHO

This chart looks like it has been forming an bullish wedge with a measured more to around 2000...



GZ