Written by: Trader 1/18/2009 7:36 PM
The daily oscillator on Feb gold is still rising. 120 Min Chart made new momentum highs and is in the process of forming a bullflag. Look for buy opportunities on further pullback. This market can still be played to the upside.
The daily chart below shows that the oscillator still has room to move above zero. Don't overstay your welcome though because you'll be setting up a first-cross type sale in a few days!
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