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

• Oil Still Holding

  Oct 12, 2026 16:25 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group ..
• 

  Gold Failure or a Pause?

  Oct 12, 2026 13:41 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...
• 

  Gold Failure or a Pause?

  Oct 12, 2026 13:41 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...