Long Term Positive

11/26/2008 9:04 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

The short- and intermediate-term uptrends on the monthly gold chart are still intact and the trend is still positive. A higher close this month looks likely, and could signal that the worst of the selling is over. Key chart and Fibonacci support in the $650 area. Strong resistance at $900-$950

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