Intraday Market Thoughts
Archived IMT (2008.12.17)
by
Dec 17, 2008 17:13
Catch Ashraf on CNBC's CLOSING BELL discussing gold and the dollar. 3.15pm EST (8.15 pm GMT). Gold makes a fresh attempt to break the 5-month trend line resistance after failing to do so at 2-month intervals. After breaking its 200-day moving average for the first time since October 10, gold faces the next target at $895, corresponding with the said trend line resistance. Subsequent barrier at $930.
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