August Comex gold broke out

07/08/2008 12:00 am EST

Focus: FUTURES

Thomas Aspray

, Professional Trader & Analyst

August Comex gold broke out of its trading range suggesting that the correction from the March highs is over. Next upside targets at $940 then $950-55. Short term support now at $905-908, with good fib support at $893-98. A break below $885 would be negative.

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