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| Global Interest Rates | |||
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5.25% | ||
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Fundamentals
Fundamental analysis for precious metals gold - 10/8/2008
08 Oct, 2008 @ 08:51 am EST
The bullish technical pattern yesterday managed to be part of another pattern that was completed today in the Asian session with gold's heading towards 910-925; for that we expect the upside to prevail over the short term with high volatility over intraday trading, while the medium term trend is still sideways.
The trading range for today might extend among the resistance level at 931.70 and the support level at 842.75; while the general trend remains to the upside targeting 983.00 and 1016.00 as long as 730.00 remains intact.
| Support | 877.80 | 864.40 | 861.00 | 853.10 | 842.75 |
| Resistance | 899.45 | 902.10 | 912.85 | 926.35 | 931.70 |
Recommendation | ... | ||||
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