Posted by: Babu Suresh | February 25, 2009

Spot Gold & Silver – 25th Feb.09

Spot Gold 1H ChartsSpot_Gold_1H_Chart_250209

Folks, my reading says, Spot Gold has all the possibilities to test $967 with the nearest support at $947, before attempting another correction. One more steep correction is inevitable but my deepest concern is about the media’s new mantra, Safe Heaven, Gold rising because stock market is falling etc. For they didn’t feel the need to make the same noise when the same Gold was hovering between $800 and $850. I pray, for once in their professional life time, they will work according to their conscience than just making propaganda to help selected group.

Spot Silver 1H ChartSpot_Silver_1H_Chart_250209s

Spot Silver has the scope to test $13.92 before attempting another correction with the nearest support at $13.51

Healthy And Wealthy Trading

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