Using Simple Charts to Identify and Profit from Long Term Trends.
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11 September 2009
Gold : Add on Break of 1007.5
Monthly and weekly = Up. This much is clear
Daily : High this move 1007.45. Profit taking and squeeze on weak longs down to 982 last night. Now back above 1000. Would consider this a successful test of recent new Up Trend. Bull case is made.
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