Gold Looks for $990s

by Ashraf Laidi

Feb 25, 2009 15:45

Today's $25 spike in gold manifests renewed buying after last week's profit-taking at the $1,006 high. As the fundamentals remains largely in support of the metal, and with the al time high standing at $1,038, the incentive to retest this level is significant. The 4-hour chart below conveys bullish technicals eyeing intermittent resistance at $990. We may see repetitive failures of $1,010 just as we saw repeated failures at $920.

More Hot-Charts

• DAX40 Germany40

  Nov 22, 2024 17:50 | by Ashraf Laidi
  .

• MSTR 545

  Nov 20, 2024 12:29 | by Ashraf Laidi
  Listen to the voice note sent to the WhatsApp Bdcst Group for detailed explanation of these charts - استمع إلى الملاحظة الصوتية المرسلة إلى مجموعة الواتساب الخاصة للحصول على شرح مفصل لهذه...

• EURGBP Latest

  Nov 11, 2024 13:38 | by Ashraf Laidi
  There are two important messages from this chart. I will share them with the WhatsApp Broadcast Group shortly..