Gold’s Next Targets at $1130-$1186

10/19/2009 9:57 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

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Gold made new highs last week but closed below the best levels. Our first target at $1053-$1063 has been reached and the next target is at $1130-$1186. These were derived using Fibonacci analysis as discussed in our January 2009 Trading Lessons article. There are further targets at $1252. The OBV is strong and pointing higher.

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