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Slumdog Forex - Daily Forex Analysis

Gold Still Very Bullish - September 11, 2011


Still like yesterday (read: yesterday gold analysis) Gold is a bit low on the day yesterday as expected, and we are buying on pullback. We are still very bullish on the gold market, but think that the latest move needs a small correction in order to collect more buyers.
However, there is no sufficient reason to short on Gold. Even some analysts still believe that $ 2000 an ounce is very doable, and probably coming sooner than most people believe.

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