New York 3:24 pm  London 8:24 pm  Zurich 9:24 pm  Dubai 11:24 pm  Shanghai 3:24 am  Tokyo 4:24 am  
Global Interest Rates
Australia 7.25%
Canada 3%
EMU 4%
Japan 0.5%
Swiss 2.75%
England 5%
US 2%
Forex News
Subscribe Now
Advertisements

Fundamentals

Fundamental analysis for precious metals gold - 7/17/2008

17 Jul, 2008 @ 03:21 am EST
  • Comments comments 0
  • 0
  • Votes ?

We now stand at the 38.2% correctional level for the upside channel that was initiated on the eighth of this month where we still see a mix in different momentum indicators. From here, the direction could be altered for today but as long as trading is above $958.90 per ounce will give the metal the strength to continue to the upside whereas trading below it will take gold to the correctional level at 941.35.

The trading range is seen among 941.35 support levels and 994.00 resistance levels.

The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 nad 1016.00

Support958.90 953.85 950.15 941.35 930.95
Resistance967.65 971.00 977.80 987.25 994.00

Recommendation

...

Click the button to vote for this article
Loading status ...
Comments
More FROM CrownForex
Currencies
arr_blue
10/10/2008
Last
Change
%change
Time
advertisement

Free testing of CEGJ+ TS

We plan to start public testing in the course of two weeks beginning with 20/10/2008. CEGJ+ is a mechanical trade system; therefore the period of test... CEGJ

Trendphonic Futures

My name is Hank King and I work at Trendphonic Futures at the CBOT. I wanted to introduce my firm to everyone. Trendphonic Futures Trading, LLC is... zac

Forex Scam warning !!!!!

If you are new to Forex, or don’t know about the conflict of interest between Forex trading platforms and their clients, please pay attention. This c... mekomem

Advertisement
Traditional Men’s Clothing

Since 1898 we’ve outfitted the worlds best dressed men. Woven silk ties, custom tailored shirts & more.

Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
Feedback Form