gold : current comments

Melbourne Qindex 21:11 GMT October 11, 2006
Gold : The market is consolidated between 570 - 580 for the time being. My bias is on the downside. The previous projected moving targeting range as marked with "xxx.x" is very good, namely "569.2" and "579.3*".

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Melbourne Qindex 08:48 GMT October 11, 2006
Comex-Gold : The current expected lower trading range is 550.9 - 557.0 - 563.1 and the upper trading range is 575.2 - 581.3 - 587.4. (The neutral zone is 563.1 - 569.2 - 575.2 and it is the most likely trading range). The daily directional indicator is 569.2 - 586.8* - (589.3)*. The market is under pressure when it is trading below 569.2. The distribution profile of super magnets are as follow : - (490.1) - 524.4* - 538.1 - (539.7) - 555.0 - 555.6* - "569.2" - 571.9 - "579.3*" - 586.8* - (589.3) - 605.7 - 618.0* - (638.8) - 649.2* - (688.4). Projected supporting barriers are located at 552.1 and 561.1 . Projected resistant barriers are expected at 580.3 and 589.3.