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By: Crown Forex - 26-09-2008
0votesgold
Slight downside movements that started on September 23 continues between the support level at 858.60 and the resistance level at 889.00. The metal will undergo the same trend until it breaches one of the levels where breaching the support will result to further losses while breaching the resistance level will result in another attempt to retest the 900 level.
The trading range for today is among the key support at 850.75 and the key resistance at 918.30.
The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 and 1016.00Support 879.50 870.95 866.40 860.90 858.60 Resistance 898.40 889.00 904.85 908.60 909.60 Recommendation ... silver
The metal reached levels near the target at 13.84-13.90 but it failed to breach it where silver now returned to sideways consolidation once again between the 23.6% and 38.2% corrections at 12.49 and 13.84 respectively. The mentioned correction is for the downside channel that started on July 15, 2008.
The trading range for today is among the key support at 12.50 and the key resistance at 14.10.
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 12.75 12.50 Resistance 13.50 13.85 13.90 14.10 14.20 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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