Gold: Long-Term View

12/29/2008 12:01 am EST


Thomas Aspray

, Professional Trader & Analyst


Though many commodity markets have been under pressure recently, gold has managed to edge a bit higher. By the end of December, we could see two consecutive higher monthly closes. The long-term support has been reached, and once above $935, the correction should be over. Next upside Fib targets at $1128 and $1250.

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