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Fundamentals

Fundamental analysis for precious metals gold - 4/18/2008

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20 April 2008 @ 02:51 am EST
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Gold is trading affected by a technical positive model that supports the upside wave as it is expected to remain influenced targeting 960.00 levels. Nevertheless on an intraday basis today we expect a slight correctional wave which will take gold to attempt testing key support levels for the upside which will provide more upside momentum.

The trading range for today is expected among the key resistance level at 959.90 and the key support at 926.30.

The general trend is to the upside as far as 810.00 remains intact targets are now at 1080.00 and 1170.00.

Support943.50 940.50 932.98 930.15 920.98
Resistance946.20 949.25 955.98 959.91 964.21

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