XAUUSD: new historical highs-10:50 (CET)

on November 23 2009 7:28 AM

The price hit a new historical high at 1167.9 dollars per ounce. The RSI has been marking overbought all day and, if it corrects, there is a fibo marked from 1167.9 to 1132.9. The fibo 50 coincides with the significant support at 1150. Above, if the pair hits a new high, it could meet resistance at the 1176.63 pivot point. The upwards target is at 1200 dollars per ounce.

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