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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

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Jan 06th
Home arrow Archive arrow Gold Composite Future - Technical Analysis - Update - 10 March 2008

Gold Composite Future - Technical Analysis - Update - 10 March 2008

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Sunday, 09 de March de 2008

Our analysis on the Gold Composite Future has been very efficient (click here to view our latest report) as prices kept raising.

Short term indicators continue to be positive as gold trades near their highest price in history. Gold could potentially experience one of the biggest upside moves since 1980. The potential exists for a large rise in the gold price - possibly similar to the 1980 rise in which gold reached a record $850.  If gold is able to attract enough speculators to the market the potential exists for gold to rise well over $1,000.

We expect the Gold future to trade in a limited range between 940 and 1.000 dollars an ounce. 

Resistance: $1,000

Support: $940

 

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Gold Composite Future  crude oil  range 




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