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Wednesday, November 01, 2006

Gold Update - Crossed the Barrier

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Gold has crossed the Barriers 611, and has formed a new triangle now, it shall be meeting 645-650 levels very soon.
However, do expect mini correction, as gold has contiuned its fly around 7 days, so we shall expect slight profit taking in between, however its now UPTREND.

Market is awaiting for todays data - ISM Manufacturing, important Economic Data.
As well as we have Energy Datas coming out today, which will set Short term the prices in Crude Oil, which will in reflect affect Precious Metals.

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