What Are Gold's Next Targets?

11/25/2009 10:41 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart
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In January (click here for chart), we gave upside targets for gold of $1130 and at $1252. Then, in September, we added an additional target at $1186, which is now being tested. The OBV (on balance volume) analysis has kept us bullish throughout the year, and the OBV is still confirming prices. Any sharp setback should be a buying opportunity.

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