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By: Crown Forex - 28-08-2008
0votesgold
During the Asian transactions today, the correctional level at the fibonacci fan for the downside channel at 824.60 was breached. The trend is for an upside correction on the short term where this correction will be quite noticeable as long as trading remains above the 838.20 level where the next target will be at $855. However, if the metal is below the mentioned level, gold will decline to target levels around $805
The trading range for today might extend among the support level at 799.50 and the resistance level at 850.45
The general trend remains to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00Support 830.20 824.60 810.45 806.50 805.00 Resistance 836.00 838.20 843.00 845.50 850.45 Recommendation ...
silver
The sideways consolidation the metal has been in has become narrower between the horizontal level at 13.90 and the support at 13.15 for today. We expect the neutral direction to lean towards the upside today until the support or resistance levels are broken where we can determine the direction from there.
The trading range for today might extend among the support level at 12.45 and the resistance level at 14.27
The general trend remains to the downside as far as 18.30 remains intact with targets at 12.50 and 10.50Support 13.60 13.40 13.30 13.11 12.74 Resistance 13.90 14.15 14.27 14.90 14.97 Recommendation ...
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Crown Forex
CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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