Gold is hitting new highs, as the euro is putting pressure on the dollar to yearly lows. Today's pivot points are 1124 / 1116.87, an area where it's likely the price will stop. The projection of the last upwards movement (984 to 1071) tells us that the price could stop at 1115 dollars per ounce. Gold has managed to settle for good over the upwards trendline, in place since October 2008.

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