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Gold Trading Analysis 28 June 2010

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Gold Trading Chart 28 June 2010

Spot gold prices ended last week in bullish mood, and much as expected, continued their upwards trend hovering below the all time high of $1265 per ounce as we wait for this price to be breached once again.  All of last week’s gold trading sessions were characterised by an excellent support from the 9 and 14 day moving averages with any move lower promptly supported during the trading session.  As such the bullish trend in gold prices is extremely well structured and we now await the inevitable breakout into new high ground as a result.

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