Gold support and resistance zones: 541$, 559$, 607$, 638$, 681$ <> 744$, 772$, 845$, 930$, 988$,1032$
Silver support and resistance zones: 5.20$, 6.30$, 7.23$, 8.46$<> 11.03$, 12.02$, 12.59$, 13.07$, 13.73$, 16.48$, 19.44$, 21.34$.
Sunday, November 02, 2008
Gold and Silver Charts
September bottoms failed to hold for both gold and silver. The price of Gold made a new bottom at around 681$ for spot gold. The price of spot silver traded as low as 8.47$.
Gold support and resistance zones: 541$, 559$, 607$, 638$, 681$ <> 744$, 772$, 845$, 930$, 988$,1032$
Silver support and resistance zones: 5.20$, 6.30$, 7.23$, 8.46$<> 11.03$, 12.02$, 12.59$, 13.07$, 13.73$, 16.48$, 19.44$, 21.34$.
Gold support and resistance zones: 541$, 559$, 607$, 638$, 681$ <> 744$, 772$, 845$, 930$, 988$,1032$
Silver support and resistance zones: 5.20$, 6.30$, 7.23$, 8.46$<> 11.03$, 12.02$, 12.59$, 13.07$, 13.73$, 16.48$, 19.44$, 21.34$.
Great Charts. Thanks for the technical perspective and the data points. If gold and silver fall more, I'm buying more. Check me out on www.MoneyBob.com
ReplyDeleteCitigroup expects the gold price to hit the 2000$ by the end of 2009. I'm curious, but if China really buys a bigger amount of gold...
ReplyDeleteWith the amount of liquidity which was / is and will be injected into the financial system this is certainly possible.
ReplyDeleteI love to read interesting post that has knowledge to impart! Thank you for sharing your insights! I will avidly wait for your next blog entry.
ReplyDeleteBest regards,
thanks for sharing nice technical stuff
ReplyDeleteimpressive charts! thanks for the great information. What are the possibilities for gold prices
ReplyDeleteto come down further?
Thank you for your help, your article, and your integrity. I look forward to a bright future with you guys. ask how to buy gold for free
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ReplyDeleteFantastic Chart! We are a company (www.cashinn.co.za) that buys and sells gold. During the last few months it has been incredible to see the amount in uncontrollable interest in the volume of transactions for gold. I would like to understand how other dealers in collectibles such as gold coins, jewelery and other fine pieces are trading on both sides of the Atlantic. Regards Cass (cashinn.co.za)
ReplyDeletevery cool them
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ReplyDeleteI believe that gold and silver have quite a way to go from here.
ReplyDeleteBy having access to regularly updated charts, precious metals investors can make swift decisions about their investment portfolios that ensure the maximum protection of their wealth is always a top priority. Buying silver offers investors an alternative in precious metals investing that has the potential of providing a very attractive level of security and wealth protection. Precious metals like silver, unlike fiat currency, will always retain value, and history has shown that whenever fiat currency weakens, gold and silver prices increase.
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I like the way you describe all the thing in technical way.. looking forward to more from you.. its really helpful for me.
ReplyDelete