Friday July 23, 2010 - 16:03:44 GMT
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FX Solutions - www.fxsol.com
Gold Hovers At Critical Support
Gold price action (a daily chart of which is shown) as of Friday
(7/23/2010), continues to hover just above a long-term uptrend support
line that extends at least all the way back to the October 2008 low.
This occurs after price pulled back to the trendline on Monday and has
adhered to its dynamic support since then. For more spot gold technical analysis, please click here.
James Chen, CTA, CMT
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