Major support exists in the $924-$926 range including the 55 day moving average. A close below here could open up the way for a much more serious correction with the 200 day moving average at $783.
The last time the price looked so stretched relative to the moving averages was May 2006 after which it fell [...]
Entries Tagged as 'Gold'
Keep a close eye on Gold
March 19th, 2008 · No Comments
Tags: Gold