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Tuesday, December 05, 2006

Gold Update

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Profit taking is going in place in the market, before the Important Datas releasing today. EUR/USD pushing down at 1.3302 levels.
Gold touches the Support lane at 642 levels, 2nd wave momentum is continue building, chances for 3rd wave to start its Consolidation. Gold is maintaing its technical correction, and Gold forsees to hit 657 and 676.
Silver trades near the Physcological Pricing, prepares itself for a push upwards 14.50 level.
Main focus today shall lye on Economic Data, which shall cause much movement in USD.

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