Gold - Daily technical Forecast

By IBTimes Staff Reporter | June 08 2010 1:03 AM

Sponsorship Link

Gold closed higher due to profit taking on Monday. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, May's high crossing is the next upside target.

More in Commodities

Transocean Has Bittersweet News For Carl Icahn: Shareholders Reject Carl Icahn's Big Dividend Proposal But Oust Chairman

Transocean Has Bittersweet News For Carl Icahn: Shareholders Reject Carl Icahn's Big Dividend Proposal But Oust Chairman

Strong Dollar Weighs on Brent Prices

Strong Dollar Weighs on Brent Prices

Forget The 'Cool Kids' Comments -- Abercrombie (ANF) Just Asserted Itself As A Workers' Rights Defender

Forget The 'Cool Kids' Comments -- Abercrombie (ANF) Just Asserted Itself As A Workers' Rights Defender

Oil prices starting the day in negative territory

Oil prices starting the day in negative territory

In Depth

Borrowing To Buy: How Much Do Americans Owe?

Borrowing To Buy: How Much Do Americans Owe?

The West Bank Wall: What Life Is Like For Palestinians And Israelis Divided By The Barrier

Life For Palestinians And Israelis Divided By West Bank Wall

Journeys In Jaffna, Sri Lanka, 4 Years After The Civil War’s Bloody Conclusion

Inside Northern Sri Lanka 4 Years After Civil War

Drones: Which Countries Have Them For Surveillance And Military Operations? (MAP)

Where In The World Are The Military Drones? [MAP]

web counter