Charttechnik view: If the gold price (Spot) rises to daily closing price basis significantly over 838 $, this starts the outbreak from the triangle and thus the beginning of the second upward motion with a course goal of 1.020-1.030 $. on the basis of this target area it can come then again to a consolidation, to price decreases. Subsequently, the 1,230 $ mark wait as next course goal mark. Alternatively applies. From now on gold should not drop any longer noticeably under 767 $, because this would introduce a correction to 730 $. This correction would not terminate however the superordinate upward motion since 2001. They see, we remain medium-term strongly bullisch aligned for the precious metal.
from UBS
and Monarch have 2008 over 150000 ozpa
MON Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
