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Gold and Silver
By: Crown Forex - 22-07-2008
0votesSILVER
Returning to levels above $18.30 gave silver enough momentum to the upside where this level represents the neckline to the upside channel targeting levels above $20.The trading range is seen among 17.90 support levels and 19.35 resistance levels.
The general trend is to the upside as far as 14.50 remains intact with target at 20.90
Support 18.45 18.30 18.07 17.97 17.86 Resistance 18.75 18.90 19.00 19.35 19.62 Recommendation ... GOLD
Gold was able to breach the downside resistance for the correctional movements in the ascending channel. From here we see the upside movements for the metal are back as it was albe to gather momentum yet we can still witness correctional movements from time to time until the metal exits the overbought area. Trading above $953.80 will allow the metal to target the $1000 mark during this month and the upcoming month but trading below the $950 level will cause the metal to decline to gather strength from lower levels.The trading range is seen among 941.35 support levels and 994.00 resistance levels.
The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00
Support 963.00 957.70 953.80 950.40 941.35 Resistance 975.55 981.00 987.25 988.20 994.00 Recommendation ...
Next Analysis: Technical Analysis For Energy MarketsContent Provided by:
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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