Forex | Forex | Gold upside momentum stalls ahead of 1000 (04/09/2009 14:30:20)

Gold upside momentum stalls ahead of 1000

Gold upside momentum stalls ahead of 1000 Oil remains under pressure Spot Gold Gold managed to breach a number of key upside levels after the metal bulls powered through the triangle’s upper boundary along with the June monthly pivot high at 989.85, but saw the advance stall ahead of the psychologically critical 1000.00 handle. A continued move to the upside will most likely see gold head higher and with a move above 1006.25, a 2009 yearly pivot high will most likely see the metal accelerate


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