Monday, July 14, 2008

GCQ8 Chart Update

August gold reached 969$.

Support at cyclical lows: 850$ and 860$ are important lows. 875$ and 913$ less important.

No specific resistance point other then the 1041$ high of March, 1000$ and the zone between 969$ to 1002$. If gold can break above the March high (1041$) it can easily move to 1158$ - first target.

GCQ8 Fibonacci Chart – 480 minutes

gcq8 chart

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