Crown Forex – Technical Analysis for GOLD

Gold prices are still around its all time highs for the second day in a raw, not able to breach the 936$ level, yet the short orders are not good enough to create a correctional move, and it looks like that new levels might be achieved with the continuing turbulence in the global economy. The trading range for today will be between the key resistance at 950.00 and the key support at 850.00. The general trend is up as far as 810.00 remains intact targets now at 960.00 and 1000. Gold prices are still around its all time highs for the second day in a raw, not able to breach the 936$ level, yet the short orders are not good enough to create a correctional move, and it looks like that new levels might be achieved with the continuing turbulence in the global economy. The trading range for today will be between the key resistance at 950.00 and the key support at 850.00. The general trend is up as far as 810.00 remains intact targets now at 960.00 and 1000.