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Simit Patel's  Instablog

Simit Patel is an individual currency trader who focuses on analyzing the EURUSD exchange rate. He previously spent four years working as a currency broker and analyst; he currently is a contributing analyst at InformedTrades.com (http://www.informedtrades.com), where he offers commentary about... More
My business:
InformedTrades
My blog:
Crisis Investing
  • $1050 is the Current Price Level to Watch for Gold 0 comments
    Oct 20, 2009 09:27 AM | about stocks: GOLD, GLD
    $1050 is a key gold support level I'm watching. We recently had a bounce off it. To preserve the strong upward trend in gold, I would like to see this support level hold. the next support level after this is $980.

    to the upside, my next target is $1250, however I will be looking more closely at price action for signs of exhaustion in the bull trend.
    Themes: gold Stocks: GOLD, GLD
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