Monday, June 30, 2008

Positive XAU action

The gold and silver xau index has managed to surpass both April and May peaks(equals to August gold at 940$ and 960$). XAU is not far from it's March peak. Important cyclical bottoms 162 @ March and 172 @ June. As the gold bull market continue It is reasonable to assume that higher highs should follow.

xau chart

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