Helped by the widely debated re emergence of some weakness in the US dollar, gold finished modestly higher yesterday gaining $1.95 to settle at $955.75/oz. Initially some physical buying added support to the yellow metal but towards closing time the advance was limited as gold ran into technical oriented selling. The reason for that was the violation of a longer term uptrend following the pullback in recent days.
The short and long term trends are bullish while medium term trend is sideways.
Support: $946.80 (yesterday's low)
Resistance: $982.80 (high of 04/05/09)
Support: $935.55 (low of 21/05/09)
Resistance: $966.90 (9 day moving average)
Support: $924.75 (low of 20/05/09)
Resistance: $961.80 (yesterday's high)
9 day moving average - $966.90
14 day moving average - $962.34
40 day moving average - $926.14
Passionate and light sensual kiss all over you
11 years ago
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