2010-09-24

Gold support is at $1,286 and $1,281. Resistance is at $1,296 and $1,301.

















As anticipated, gold has met resistance on its approach to our target of $1,300, with gold unable to move past the $1,296 level as physical selling weighed down on prices. Gold has remained fairly steady, trading around yesterday’s closing levels in spite of a stronger dollar. The market is perhaps holding fire ahead of US trade and this afternoon’s US data, with poor suite of figures
perhaps seeing the dollar weaken further and providing the momentum to see gold push past $1,296 and bring $1,300 within reach.

Gold support is at $1,286 and $1,281. Resistance is at $1,296 and $1,301.

0 comments:

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

BlogMalaysia.com

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

Back to TOP