Iomega Corporation

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Wednesday, July 26, 2006

Current Situation Gives a Little Push on Gold/Silver

1 Comments for:

Current Situation Which Appears Gold and Silver to Push,
We shall say a Little Dollar Correction, However there remains Weakness in Dollar due to Today Fed Beige Book, As Market reacted.

Heavy Resistance lies around 626 level.

As we mentioned earlier, there were chances for Gold to hit 595 Level which was Technical Level
And 600/602 As Physcological Level.
Gold did hit the Physcological Level at 602 range And bounced Up.

Currently, we still feel a Little Dip Could occur, if Data which is coming out on THURSDAY, shall give further Signs.
As Fed is Data Dependant, However, currently the data which has been shown, gives a Sign for PAUSE.

For a Longer term Prespective Traders, we feel Current is a chance for entering Little.
For Weekly term Prespective Traders, we feel to await for a Small Dip, As Thursdays Data shall give further signs.
For Shorter Term Prespective Traders, we Advice to Await.

We shall Advice further.

1 Comments:

At 6:27 PM, Anonymous Anonymous said...

Superb Chart!
Excellent Advice.

 

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