Chances to challenge 1000 mark looks gloomy as prices finish in lower end with long black candle for the last two trading session. Chart wise, it had penetrated the immediate up-trend line follow by a gap down left over yesterday. Some kind of reversal top had formed. Hence, may face some selling pressure in near term.
Thursday, July 24, 2008
Comex Gold: chances to challenge 1000 mark looks gloomy
Chances to challenge 1000 mark looks gloomy as prices finish in lower end with long black candle for the last two trading session. Chart wise, it had penetrated the immediate up-trend line follow by a gap down left over yesterday. Some kind of reversal top had formed. Hence, may face some selling pressure in near term.