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Gold update 3

|Includes: DZZ, GLD, Randgold Resources Limited (GOLD), UGL

Click on chart to enlarge
In my last post on Gold I suggested it could test its highs again. Today it made a new high so I thought I would take a look at the weekly chart to see if there are any warning signs of a stall or top. There are some negative divergences happening right now. I think the price is really going to have to blast off to work these divergences out. Short term traders may want to take some off up here or at least keep a real close eye on it. Long term trend is in tact.