Pages

Gold prices -1 October 2012



Gold markets passed a very quiet session on Friday as the markets carried Baltdeim. We finished the meeting without any change, but we are currently in the region of 1780, and that of course is the latest resistance area.

We can now see that the level of 1740 $ appears to be very resistant, and therefore we believe that the market will already heading towards the top. We believe that it is just time before we see the level of $ 1,800, and thus the penetration rises on Friday, we are ready to take a long position in many ways.