Gold Rally Resuming

10/06/2009 9:26 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart
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Gold’s pullback from the all time highs convinced the bears that the recent rally was just a test of the 2008 highs. The correction was sharp enough to scare some bulls but the daily chart shows a normal continuation pattern that was completed with Monday’s gains. Next upside targets at 1055-65.

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