OBV on Gold Points Higher

10/01/2009 12:01 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

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The On Balance Volume (OBV) on gold has been leading prices higher since 2002 and is still in a solid uptrend turning higher this month. This favors a move above the 2008 highs. Our Fibonacci analysis has upside targets at $1058 and then $1158. To learn more about the OBV click for a recent Trading Lessons article.

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