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Wednesday, September 06, 2006

Precious Metals Update

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Technical Gold, is Positioned good.
Gold stands Above MA 100 -Daily Chart.
Gold has done a Nice technical Correction, and being above 630 level , is a good sign for it to move towards 650 levels soon.

A little correction was indeed needed for the Bullish Cycle to move ahead.

However Precious Metals have Positioned them very Nicely
Even though there is today Dollar Strenght and Crude Oil Weakness.
Gold/Silver Mantaining above there Support, which is a good key for forseeing bullish movements soon.

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