Iomega Corporation

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Tuesday, September 12, 2006

Gold could be range bound trading this week.

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Gold is having hard time to rise upwards for the moment.
Every day its facing a Big Bearish Bar in charts, forming heavy bearish channel.
It looks like Congestion is being developed little above $580 levels
Holding this level again today, shall develope same congestion zone as we In Jun 20 to 27,
Where it played in Congestion zone at 570 - 590 levels for few days, and then rallied upwards.
It appears as that this week could be RANGE Bound trading for Gold.

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