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Tuesday, August 08, 2006

Gold Opening the GAP

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Gold is Opening Gap,
Gold did cross the 1 Hour chart - 200 MA.
Gold Bounced back after hitting the 2 hour chart - 200 MA at 635 level.

Right now TECHNICALLY, we see Gold is opening the Gap, to move higher.
Gold is Also supported 40-45% Fundamentally.

At the current moment, we see Technical Correction, As Asia Players tend to do, Emerging new Buying Opportunities.

Gold came from 635 to 638 (currently trading - 1:49 GMT)

EUR/USD is pushing higher now a little, coming up from 1.2763 to 1.2780 levels now.

We shall Advice further.

TOTALLY BOTH OF THEM ARE OVERSOLD, AND MORE LIQUID SHALL EMERGE DURING EUROPE / NY PHASE FOR A PUSH HIGHER.

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