Price action on Gold (a daily chart of which is shown) as of Tuesday (3/02/2011) has broken out above its previous all time high around 1430, which was just established in December, to hit a new all-time high tentatively above 1438. This occurs within the short-term context of a steep month-long uptrend. For more technical analysis on gold, please click here for Wednesday’s (3/02/2011) Chart of the Day.
James Chen, CTA, CMT
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