Chart looks pretty strong and well supported after 3 bottom set between 850-870 level. Prices began to run-up after the last bottom set at around 860 level. Then, it rally with 2 gaps-up(common gaps and breakaway gap) and broke the overhead resistance level between 940-945. With this strong performance, prices may want to challenge the 1000 mark.
Wednesday, July 16, 2008
*NEW* COMEX Gold futures looks set to challenge 1000 mark
Chart looks pretty strong and well supported after 3 bottom set between 850-870 level. Prices began to run-up after the last bottom set at around 860 level. Then, it rally with 2 gaps-up(common gaps and breakaway gap) and broke the overhead resistance level between 940-945. With this strong performance, prices may want to challenge the 1000 mark.