| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Fundamentals
Fundamental analysis for precious metals gold - 4/29/2008
The Shiny metal rose yesterday in a slight upside movement after creating a base around the key support level at 882.70 in the past week; due to that, we expect the bullion will escalate in the upside targeting 910.00 levels after the formation of some positive signals.
The trading range for today is expected among the key support level at 865.00 and the key resistance level at 935.00.
The general trend is to the upside as far as 810.00 remains intact, targets now are at 1080.00 and 1170.00.
| Support | 884.16 | 882.23 | 879.45 | 876.50 | 874.10 |
| Resistance | 892.34 | 895.56 | 898.90 | 902.23 | 908.89 |
Recommendation | Buying gold above 888.80 with targets at 911.00, stop loss below 880.00 | ||||
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In this topic we are going to review the financial forecast on forex market.
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