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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (2433)	1/6/2003 10:23:50 AM
From: 4figureau	Read Replies (1) of 5423

CSFB Technical Analysts say "Spot Gold on course for $400 longer term." Spot Gold has sustained its December break to the topside through the key medium term resistance area of $335/$340. This should now act as strong support on any further pullback, keeping bullish momentum in place for a rally to $365/$375 near term, and to $400 longer term. Very short term support is now established at $350. The Phila XAU index (cf upper chart panel) has ground higher following the completion of a bullish triangle during December. A break above resistance at 80.90 will add momentum to the upside, to target the 91/93.50 medium term break point. This area should cap on the first attempt. Corrective dips should now find support at 74.25, ahead of 72.75.

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