Guest guest Posted March 6, 2007 Report Share Posted March 6, 2007 Hi Everyone, GOLD continued to see losses and fluctuations. The low price was around 632 (making the 620's plausible) and it is now trading around 645. Eye is on 655 for a break to resume the upside. Hopefully this happens when Ra-Su start to separate, otherwise it could be labelled strictly as fluctuations. With the global liquidation of markets that began in Asia, money was also pulled out of GOLD with a cascade of stop losses being triggered. I'll add that we have seen much worse sell-offs previously. NB: when global equities are shaken, investors usually run to gold as a the safety net. Best regards, Vyas Munidas - " Vyas Munidas " <muni> <SAMVA > Thursday, March 01, 2007 7:14 PM GOLD Dear List, General View: Regarding the conjunction of Rahu - Sun (karaka for gold) close, gold is expected to have fluctuations. Strong Jupiter's (gold karaka) influence on the Sun's dispositor, Saturn (masses) is helpful. Saturn's frequent weakness in Cancer adds to the volatility. [Technicals from my market view] GOLD's bullish tone hasn't manifested since the post this morning. The important 38% retracement level has just been hit (655). Level support is seen in the 645/55 band and resistance is the mentioned 680. This market into next week should be punctuated by fluctuations. Best regards, Vyas Munidas Quote Link to comment Share on other sites More sharing options...
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