Gold's Fibonacci Targets

05/26/2009 2:01 pm EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

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Gold finished last week strong and looks ready to challenge the highs from 2008. The OBV on both a weekly and monthly basis has continued to act stronger than prices. As we noted on Jan. 29, 2009 regarding upside targets "Once above the 2008 highs, the first upside target is at $1130 (127.2%) with the 161.8% target at $1252."

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