Published on TheStreet.com 02/14/10 - 09:12 PM EST
By Mohammed Isah of fxtechstrategy.com
"Gold futures took a break this past week from their recent declines and broke back into their longer rising trend line and through the Jan. 28 low at 1,073.95 to close the week higher at 1,093.30. Gold futures still retain their broader downside bias, but the immediate risk is higher, and futures could target the Feb. 3 high at 1,125.00. A cap is expected there, which would turn the commodity back down again. However, if that level breaks, we could see more momentum build toward the Jan. 20 high at 1,141.48. "
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