Gold - Daily technical Forecast

By IBTimes Staff Reporter | July 02 2010 2:21 AM

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Gold closed sharply lower on Thursday and below last Thursday's low crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, the reaction low crossing is the next downside target.

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