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Tuesday, August 15, 2006

Gold still around 100 MA - daily Chart.

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Gold still around 100 MA - Daily Chart.
And still remains to trade at the same range at 625 - 630 levels.

Today US Data will lead the direction, as market awaits for PPI coming out at 12:30 GMT

Technically gold is Bull, if we see a Green Bar soon today, We will see a Nice Wave for BULL trend.

Keep Eyes at 622/623 level - Crossing that level, REVERSE GOLD
yesterday it hit 633, and Whoop, Bounced up. So our target was right.

Keep Eyes at 634 and 637 level, crossing that Bull picture shall Emerge.

If 637 level is crossed we will see a Nice Bull, due to MA100 lies that level, and shall make a small base at that level..

We shall see how data reacts today.

Since 2 ASIAN Morning, market is same.

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