25
August
Gold ‘Deja Vu’ Shows Advance Above $1,000: Technical Analysis
25 August 2009 Bloomberg.com
Gold will rise to more than $1,000 an ounce next month based on moving-average “deja vu” patterns since the start of 2005, according to Barclays Capital.
This year’s trading was similar to previous patterns that indicated gold has a tendency to “break higher” in September and the 200-week moving average showed the uptrend on the precious metal remained intact, Jordan Kotick and other analysts at Barclays wrote in a report on Aug. 21.
http://www.bloomberg.com/apps/news?pid=20601012&sid=au9vWBOfMd9g
