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Update Time:     21 May 2009 16:10GMT
WEEKLY SPOT GOLD OUTLOOK - +945.00+

Last wk's rally signals gold's upmove fm 864.40
to retrace decline fm 1006.20 (Feb 09') remains in
progress n further gain twd 945/946 is envisaged
after consolidation, however, loss of momentum shud
prevent sharp move beyond there n price wud falter
well below res at 967.00 n risk has increased for a
correction to take place later.

Raise long entry, stop as indicated, break wud
suggest temp. top is made n risk 890/95...

   Rate:     +945.00+
   Strategy:     +Target met+
   Position:     +Long at 922.00+
   Objective:     945.00
   Stop-Loss:     
   Resistance:     945.30/957.50/967.00
   Support:     924.80/915.70/905.50
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Update Time:     21 May 2009 16:40GMT
EUROPEAN CLOSING USD/CHF OUTLOOK - +1.0970+

Despite dlr's intra-day rebound fm 1.0960 to
1.1057, current retreat suggests recovery has ended
there n downside bias is seen for weakness twd said
sup but break is needed to confirm recent decline
has resumed, 1.0930/35 later.

Sell at market with stop as indicated n only abv
1.1057 wud abort n risk correction to 1.1070/80...

   Rate:     +1.0970+
   Strategy:     +Target met+
   Position:     +Short at 1.1020+
   Objective:     1.0970
   Stop-Loss:     
   Resistance:     1.1070/1.1129/1.1158
   Support:     1.0960/1.0931/1.0900
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Update Time:     21 May 2009 16:42GMT
EUROPEAN CLOSING GBP/USD OUTLOOK - +1.5805+

Cable's rebound after meeting renewed buying at
1.5514 signals intra-day retreat fm 1.5817 has
ended there n upside bias is seen for a re-test of
said res, however, abv is needed to confirm recent
upmove has resumed n extend gain twd 1.5860 later.

Buy at market with stop as indicated, below wud
prolong choppy trading n risk 1.5670/80...

   Rate:     +1.5805+
   Strategy:     +Target met+
   Position:     +Long at 1.5747+
   Objective:     1.5805
   Stop-Loss:     
   Resistance:     1.5817/1.5860/1.5900
   Support:     1.5691/1.5617/1.5582
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