| 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 - 5/1/2008
The shiny metal retreated yesterday in the European session till it breached the major support level which falls on the Fibonacci 61.8% which is on the 874.68 level reaching as low as 860.32, the reversal movement helped the gold to climb once again and to close above the mention Fibonacci level, which gives us an important sign of the upside movement to the gold today.
The trading range for today is among the key resistance level at 850.00 and the key support level at 901.00.
The general trend remains to the upside as long as 810.00 remain intact, with targets at 1080.00 and 1170.00.
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