Monday, March 30, 2009

Technical Analysis for Precious Metals

Gold is still obtaining a continuous support around 920.00areas and as shown on the above chart that the price is trapped in a very tight range during the Asian session claiming that its building a technical base whereas it will move upside depending on the hourly harmonic bullish pattern with a potential reversal zone around (916.00-920.00) areas appearing on the left side of our image while MA's of RSI , stochastic positive overlapping and MACD traditional on the main 4h chart support the positive overview on the intraday basis as far as $900.00 per ounce remains intact.

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