Gold at 883 (above 880 resistance)...if this holds today...next stop 900

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Reply New Message

Prev Message Back To Forum Threaded View Next Message

GWhatesmidgets

Rank: Vice President [?]

Points: 20510 [?]

Votes: 112 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Gold at 883 (above 880 resistance)...if this holds today...next stop 900

posted on Dec 29, 2008 05:29AM

I am sending several chart images today to give you a bit bigger picture of what gold has done technically. The first is the usual 12 hour chart which shows the previous trading range between $830 and $850 which was broken to the upside this morning. The breach, if it can maintain this level Monday when a few more folks will be around in the pits, sets up another run at $880 once again. If that breaks, $900 will be reached rather quickly as the momentum geeks will want in. You can see the various downside support levels marked in red on the chart. (courtesy Dan Nourcini)