Iomega Corporation

Enter your email address:

Monday, August 14, 2006

Gold trading at same levels since ASIA MORNING

0 Comments for:

Gold trading since Asia Morning at 625 - 630
NY traders made the price up from 625 to 627 (right now trading)

As the Mid-East tensions ease a little, we saw a Huge Drop back, and we did warn earlier, about such things.

However, we shall keep eyes at 623 level, crossing that we shall see 615 next support, if thats crossed 603 level is Welcomed Again.

Crossing above 631 level, we shall see slight up movement.

However, Crude Oil Fall, and USD strength, gave a Major Draw Back to Gold/Silver as well.

Technically speaking, we see this to be a mini-correction in technical words,
As its forming a Zig Zag Bullish Pattern (LONG TERM PRESPECTIVE)
If you look in the daily Chart, you can easily recognize it...

0 Comments:

Post a Comment

<< Home

BlogElites.com
Gorilla Mobile