Gold is currently at the higher end of its 940 to 960 range trading band. Might drift there for a day or two, then head back down to 940 next week before heading back up to ~960 the week after.
1000 is targeted around late March with the ramp up towards 1k beginning around the 3rd week of March.
However, if a disconnection to US interest rates is made, which it has been following since 05 though, with a flip from travelling with interest rates, to against, then it will plummet to who knows where, the 50dma, 200dma?
latest gold rally.., page-3
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Last
7,822.3 |
Change
-9.500(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,831.8 | 7,831.8 | 7,807.7 |
| XJO (ASX) Chart |