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Gold - 28th January 2011

Jan. 28, 2011 5:20 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

This is it...Crunch time.

Gold tanked again Thursday 27th January to below $1310.

Here are the facts...

Since Jan 2009 following the banking crisis of late 2008:

  • Gold daily 150 DMA has not been breached. This level currently stands at $1313.
  • Gold weekly 40 Simple MA has not been breached. This currently stands at $1286.
  • Gold weekly 34 Exponential MA has not been breached. This currently stands at $1313.
Technically...it looks likes it's time to put your money where your mouth is.

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