Gold
Posted Aug 10, 2012 by Martin Armstrong
Will have an update this weekend on gold. This week has
been pushing higher within the broad trading range, but the buy signal
would require a close above 1671. We may see the highest weekly closing
for this range in several weeks. However. this is the turning point and
the next three weeks should be the start of higher volatility. A high
this week implies a low thereafter and if we make a new low for this
range at that time, then we can see a rally following the next turning
point.
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