Sunday, June 08, 2008

August Gold (GCQ8) & Spot Silver (XAGUSD) update

Dear readers,

This last week we have probably seen a successful retest of the low of 864$ and currently gold is trying to move higher towards resistance zone at ~940$.

Support zones for the GCQ8 contract : ~868$, ~864$, ~850$ and Fibonacci levels.

Resistance zones for GCQ8 : ~940$, ~960$, ~964$, ~1040$ and Fibonacci levels.

GCQ8 August gold contract - 8 hours linear Fibonacci chart

august gold chart

Silver has been consolidating and have first support at the 15.96$ – 16.40$ zone and resistance at the 18.33$ – 18.72$ zone. (spot silver prices)

XAG/USD - silver spot daily chart
XAG/USD chart

1 comment:

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