Gold Support is at US960 and US954. Resistance is at US969 – US970

Gold managed to consolidate above USD960 yesterday. However, it remains at levels where I think have seen strong resistance in the past year. Base on a report I read yesterday from Standard Bank, they is fairly a large volumes of scrap gold coming to the market. The scrap flow should provide some resistance. But, given the current high correlation between gold and the euro/dollar exchange rate (10-day correlation currently at 0.87), they will look to the dollar to determine gold’s intra-day moves.

Support is at US960 and US954. Resistance is at US969 – US970. A break above this level could see gold test US977.

Public Bank Gold Investment Account as at 06/08/09 3:50 PM

Selling PriceBuying Price
1 gramRM 111.0600RM 106.7200


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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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