gold back to us$ 1000 and beyond, page-21

Not my words.....


Spot gold is retracing after respecting resistance at $1000 indicating an orderly up-trend rather than panic buying — and is expected to test the band of support between $900 and $930. Respect of support is likely and would signal another test of $1000. Failure would penetrate the rising trendline, warning of a down-swing to test $700. In the longer term, breakout above $1000 would offer a target of $1200; calculated as 900 + ( 1000 - 700 ).