Iomega Corporation

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Thursday, September 28, 2006

Gold having hard time to cross 604 levels

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Gold is having hard time to cross 604 level.
Gold shouldnt pass 200 MA below - 597-598 levels, or it will create chances for it to slide back to 574 Heavy Support.
Gold is trying to find some more Buyers at the current levels.
However it appears as few traders are Booking profits, and few getting Long, due to we have a Quick Zig-Zag Pattern being formed, playing in the same tight range Above $600 - $604.

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