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Wednesday, July 26, 2006

Gold didnt have Much Movements today.

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Gold didnt have any Such big Movements,
Gold stood around the same level range as Tuesday.
Many traders await for the Fed Beige Book at 18:00 GMT, which shall give further Hints of what Fed Plans to do.

There are still slight chances For a drop back to Phsycological Level which stands at 600 Level.

However Since this week, Gold wasnt able to cross 626 level, which stands a good Resistance Level, we still assume for a little correction, However, Gold / Silver remains to play in ranges.
The Liquidity remains low for both, due to various traders/investors again stand on the side.

We shall advice further updates.

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