Gold below $1790 will remain weak and can touch $1760, and $1740. Above $1790 will touch $1810,$1830 and $1850.
Fundamental:
Gold extended losses on Friday, heading for its biggest weekly drop since May, after stock markets gained and the euro rose as the world's major central banks moved to ease funding for European banks in a coordinated effort to solve Europe's debt crisis. U.S. Treasury Secretary will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the region's debt crises.
By
M.Zohaib Gadit
Forex Trading Consultant
No comments:
Post a Comment
Feel free to comment.