Will the Dollar’s Bearish Trend Continue this Week?

August 24, 2009 by ForexYard  
Filed under Daily Forex Analysis

Gold:

Gold prices saw a bullish trend during last week’s trading session, and an ounce of gold is currently traded for over $952. However, as a bearish cross is taking place at the 4-hour chart’s Slow Stochastic, it appears that a bearish correction might take place soon. This might be a good opportunity for forex traders to catch the trend at its beginning.

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