Monday, May 08, 2006


Here is an hourly chart showing pit and electronic trading in June gold. I last commented on this chart here.

Gold has bounced of off 688 resistance twice but has yet to break below support at 675, the last low on the way to the high. I am guessing that the 675 level will soon be broken and when it is the market will be on its way down below the 600 level.

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