Gold Trend! 29-08-2011
Technical:
Gold can touch $1844 today, but if sustains above 1.1821 level then we may see it towards $1915 otherwise gold again pull back towards $1785 and $1740.
Fundamental:
Gold fell more than 1% on Monday, reversing a 3.2% rally in the previous session, as investors faced with uncertainties on the U.S. Federal Reserve's stimulus plans decided to take some money off the table. U.S. Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the economy but said the central bank would consider what more it could do to fight high unemployment.
Technical:
Gold can touch $1844 today, but if sustains above 1.1821 level then we may see it towards $1915 otherwise gold again pull back towards $1785 and $1740.
Fundamental:
Gold fell more than 1% on Monday, reversing a 3.2% rally in the previous session, as investors faced with uncertainties on the U.S. Federal Reserve's stimulus plans decided to take some money off the table. U.S. Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the economy but said the central bank would consider what more it could do to fight high unemployment.
No comments:
Post a Comment
Feel free to comment.