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From: ms.smartest.person5/22/2008 11:03:39 AM
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Fundamental analysis for precious metals gold - 5/21/2008

Posted 21 May 2008 @ 02:51 am EST

The shiny metal is still heading towards the 930 barrier yet the technical indicators show that the metal is a little bit overbought and it might sink back before it continues to climb. The possible downside target could be around 900 at max and could be limited to 909.

The trading range is among the key support level at 900.00 and the key resistance level at 923.00.

The general trend is to the upside as far as 810.00 remains intact; targets are set at 1080.00 and 1170.00.

Support 	917.70 	915.50 	912.12 	909.00 	905.30
Resistance	923.00 	925.90 	927.80 	930.00 	933.60

Recommendation ...


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