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By: Crown Forex - 23-09-2008
0votesgold
The metal is trying to build a solid base above the 890.60 level that we have indicated yesterday after rebounding from 860.90 which was the level that helped provide the pair with bullish momentum. If this attempt succeeds, we will see a new upside wave targeting the 914 level at the very least.
The trading range is among the key support at 816.25 and the key resistance at 921.20.
The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00Support 888.00 879.50 860.90 854.65 847.65 Resistance 890.60 898.85 904.85 908.60 918.70 Recommendation ... silver
We reached the resistance level for the short term downside trend where this level at 13.23 has been breached. Now after the pair proved it was able to breach this level, we see the current downside trend just movements to retest the support levels. The extended levels between 13.00 and 12.90 could help provide the metal with bullish momentum once again targeting the 13.90-13.95 resistances.
The trading range is among the key support at 12.30 and the key resistance at 13.90.
The general trend is to the downside as far as 18.30 remains intact with targets at 12.50 and 10.50Support 13.10 13.00 12.90 12.70 12.30 Resistance 13.25 13.50 13.80 13.90 14.20 Recommendation ...
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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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