Gold: Volume Points Higher

04/01/2009 2:33 pm EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

After rallying sharply to around $95, GLD pulled back to support in the $89-90 area, but so far has held well above the previous lows at $86.80. The OBV confirmed the highs early in the year and is still in an uptrend. A move above $95 will indicate the correction is over and should signal a move to new highs.

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