| Global Interest Rates | |||
 Australia |
4.25% | ||
 Canada |
1.5% | ||
 EMU |
2.5% | ||
 Japan |
0.1% | ||
 Swiss |
0.5% | ||
 England |
1.5% | ||
 US |
0.25% | ||
Fundamentals
Fundamental analysis for precious metals gold - 10/14/2008
Gold is still undergoing a sideways correction where a minor support at 820 and 805.60 are limiting downside movements. A downside wave will be initiated if the price falls below the 805 level yet today we expect to see slight upside movements but we don't believe it will remain for long.
The trading range for today is among the key support at 800.70 and the key resistance at 907.20; whereas the general trend is to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00
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