Thursday, October 8, 2009

Gold Price Technical Breakout.

International gold price has decisively breakout from the well know inverted head&shoulder pattern. it is a strong patter and is minimum target is USD1300/oz. that's the reason to explain why we saw a dramatic raise (exponantial) in gold price for past few trading days. Typically, this type of breakout will accompany by heavier volume and the target price will be achived eventually and quite high probability that target price will we overshot. Therefore, sit tight and enjoy your harvest.

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