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Fundamentals

Fundamental analysis for precious metals gold - 4/28/2008

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28 April 2008 @ 02:51 am EST
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Gold fluctuated on Friday within wide ranges indicating the high levels of volume, and which will be a major influence that will lead gold to the 900.00 psychological resistance level in a strong upside movement with high levels of momentum; while the technical indicators as well reflect upside reversal signals.

The trading range for toady is expected among the key resistance level at 935.00 and the key support level at 865.00.

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

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