2011-06-10

A break higher could see it test $1,557


Volumes in the Gold market are very low. All eyes are on the ECB meeting this afternoon. We expect hawkish comments and an indication that the ECB base rate will go up in July. The euro could strengthen further against the dollar if the ECB hints at a rate hikes. This would aid gold’s advance.

Gold has strong resistance at $1,550. A break higher could see it test $1,557. Support is at $1,536 and $1,529.

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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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