GOLD Market Update 08-23-10

I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower

Gold gapped down today at the open and after dropping over $16.00 within less than couple of hours, it found a support a 50-MA and 21-EMA. However, it still formed a hammer near the recent top. Please see the attached chart.

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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