Gold Marketwatch – 19/05/2009
Posted May 20, 2009on:
WOW!! Harga dah lepas Primary Resistance – USD929.97
Gold opened at 924.00/925.00 in New York. Housing starts fell well short of expectation causing equity markets to retreat and gold followed, slipping to an intraday low of 920.50/921.50. The metal was well bid and climbed from its lows in front of the London fix. Gold later touched a high of 927.75/928.75 and traded quietly within a narrow
range for the remainder of the session, finally closing at 926.25/927.25.
Gold managed to hold above 918 on this last pullback, and is now closing near 929. First level of resistance is 934 last weeks high followed by 946 which is the top of a channel we have been within since bouncing off 866. Our target remains 966 with stop loss below last weeks low of 909.
Pivot – 924.56
Primary Support (Buy) – 914.93
Primary Resistance (Sell) – 929.97