Just a Correction in Gold...or More?

10/27/2009 2:53 pm EST


Thomas Aspray

, Professional Trader & Analyst

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Gold was sharply lower on Monday as the strength in the dollar was a reason for some to sell. As pointed out by veteran gold analyst Ian McAvity in this recent interview, they do not have to have an inverse relationship. Technically, it still looks good as the OBV did confirm the recent highs, so this should be a pullback in the uptrend.

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