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?
Gold is currently at the higher end of its 940 to 960 range...
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Last
8,109.9 |
Change
18.000(0.22%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,091.8 | 8,116.9 | 8,041.3 |
| XJO (ASX) Chart |