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Gold Price Going Up? Technical analysis made in 10 sec

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Uploaded by on May 24, 2009

Reversed head and shoulders formation. shart of 2008.01.01. to 2009.05.21. formation started about 14 months ago and should break about now if its true... Enjoy trading! Sheers

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  • Update 24 JUNE 2009: today, plus or minus 1 day, seems to be the ´´turnpoint´´ of the price. We recently experienced the last down turn in price, its final correction before the drastic up-turn that at this moment seems to unfold. Any large news is very important now, and the news should be positive for the valuation on the price, otherwise this forecasting that the technical movement has indicated isnt correct and has no value...

  • Watch the news in politics and economy effecting gold price in the near days, the technical analysis is waiting on something fundamental for it to lead the numbers ... Anyone has an idea of what might come up soon?

  • Analysis update: the last head and shoulder isnt correct, instead its becoming a larged constallation and now creating its last shoulder, and at this near days we should break up from the absolut last bottom. In some time around this week should be the most profitable moment to invest in gold! there should be an second chance with a slightly less negative tern before the straight-up senario activates

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