Gold remains well supported on the downside

Gold remains well supported on the downside. Physical demand is not great ( bull cap), but it remains positive, and is providing good support for gold. At the same time, the dollar has failed to rally significantly on comments by Mr Bernanke that the Fed supports a strong dollar. We see good support for gold at USD1,125 and USD1,110. Our next target remains at USD1,150.

Back to Malaysia, gold price also moving up strongly and hold above RM123 per gram now the major support line is at RM120 per gram level if any drop in price below this level will be the sign of correction, however as long as RM113 per gram level unbroken, gold price still in bull run till 1Q2010.


Related Posts Plugin for WordPress, Blogger...

KLSE Info Zone

About This Blog

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

Blog Malaysia


  © Free Blogger Templates 'Greenery' by Ourblogtemplates.com 2008

Back to TOP