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Jul 19, 2009

What is Golds current trading range? By Adam Hewison

This is an advance of what could happen with the price of gold this week.The analysis goes back to August 2007,. This market basically is traded 24/7 days a week, with a small trading on Saturdays in the Hong Kong market. You will see an outstanding analysis of this market with the honestly and transparency of Adam Hewison. This time he uses the trend line with resistance levels, the MACD (moving average convergence divergence), the Fibonacci tool and of course the Trade Triangle Technology Tool.... This is an analysis that will help you to take a decisons, on in the gold market. Below is the transcript of Adam's e-mail and link to view his analysis.... do not miss it!!!!

Fernando Guzmán Cavero

In today’s video we’ll be looking at gold.

One of the nice features about MarketClub is the fact that we have real-time gold prices. If you’re going to be trading or looking at gold (XAUUSDO) you need real-time prices.

After a spectacular run-up in gold values in the last decade, gold prices have slowed down and have entered into a broad trading a range. In today’s video I will be looking at what are the likely scenarios that come out of this 14 month trading range.

This week (starting 7/20) could be enormously important for the yellow metal as a key level is within striking distance which will kick this market into action. In this video I give you a specific level that I am watching personally in this market.

All the best,
Adam Hewison
Co-creator, MarketClub