Posted by: Babu Suresh | March 13, 2009

Spot-Gold-Analysis-13-Mar-09

Spot-Gold-1H-ChartsSpot-Gold-1H-Chart-13-03-09

Spot Gold made a swift come back after taking support at $890, and sailed thru’ my 10th Mar.09 resistance $917. Failing to break $935, she has all the possibilities to take $909 support.

I would exercise caution at this stage as the euphoria over stocks, which was a major driver in the recent past for Gold, is still on the rise and on the vicinity of getting stabilized.

Healthy And Wealthy Trading

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