Monday, June 08, 2009

GOLD - TRADING BETWEEN $943-951


On 60 min chart Gold struck in trading range between $943-951 after forming Double bottom at $943. Currently trading below $951 resistence level. A breakaway from $951 then we see a key resistence comes at $960 which has been previously a strong support on June 03 and June 04 and then at $964. On breakout of $951 one can buy for profit of $10-13.