22 – 27 June 2008 August Gold (COMEX GCQ8 , CBOT ZGQ8 & YGQ8)
August gold future contracts ranged 56$ (~877$ - ~933$). Gold begun the week on the weak side (price did not make a lower low vs. previous week) but finished rather strong.
Support zones for GCQ8 : 875$ , 860$, 850$ and lower.
Resistance zones for GCQ8: 940$, 960$ - 964$ and 1041$.
August gold futures (GCQ8) 8 hours chart
Note: Gold / Crude oil ratio at historic lows
another Analysis shows a nice future for Gold too. Today @960$
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