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By: Crown Forex - 25-07-2008
0votessilver
Fortunately, silver returned above teh 61.8% correctional level at 17.30 and that is why the metal gathered enough bullish momentum where it is expected now to reach 17.72 to test the 50% correctional level and perhaps even further if the 17.30 level proves worthy. In all cases, trading below the 18.30 level will cause sideways trading on the medium term.
The trading range is seen among 16.80 support levels and 18.24 resistance levels.
The general trend is to the upside as far as 14.50 remains intact with target at 20.90Support 17.30 17.20 17.05 17.00 16.80 Resistance 17.72 17.86 18.24 18.30 18.44 Recommendation ...
gold
Nothing has changed since we expected the metal to retest the 38.2% correctional level at 938.20. If gold successfully breaks the mentioned level and builds a solid base above it, this will open the way for targets at 950 which is a psychological barrier.
The trading range is seen among 911.75 support levels and 955.10 resistance levels.
The general trend is to the upside as far as 730.00 remains intact with targets at 983.00 1016.00Support 929.15 916.80 911.75 908.90 907.45 Resistance 937.80 938.20 945.00 952.10 955.10 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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