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Fundamentals

Fundamental analysis for precious metals gold - 3/27/2008

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27 March 2008 @ 03:37 am EST
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Gold yesterday drove through the upside channel as it confirmed some bullish signals after it breached the critical level at 930 to reach the key resistance level at 951.60. Today we expect gold to keep moving in the upside direction as long as it stays above the 930.00 .

The trading range for today will be between the key resistance at 980.00 and the key support at 925.00.

The general trend is up as far as 810.00 remains intact targets now at 1080.00 and 1170.00.

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