XAUUSD: new historical highs-11:55 (CET)

By IBTimes Staff Reporter | November 09 2009 7:48 AM

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Gold has been hitting new historical highs all morning. If it keeps like this, it will be hard to see where it will stop, as the RSI is marking overbought since 04:00 CET. The daily pivot points are at 1110.70 and 1119.5. 1116 is the projection in daily candles of the previous movement, from 984 to 1071.

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