| Global Interest Rates | |||
Australia |
7.25% | ||
Canada |
3.5% | ||
EMU |
4% | ||
Japan |
0.5% | ||
Swiss |
2.75% | ||
England |
5% | ||
US |
2.25% | ||
Gold started to climb since Friday getting back from a huge correction it made reached to below 850$, and it looks like that the metal will rise and shine again targeting above 950 in a new ascending channel.
The trading range is among the key support level at 889.00 and the key resistance level at 923.00.
The general trend is to the upside as far as 810.00 remains intact; targets are set at 1080.00 and 1170.00.