Tuesday, March 1, 2011


The gold price shoots up after Chinese New Year. Now it has a new high of USD1434.52/oz. For those who are interested in technicals, the new resistence line is at USD1450/oz.

There will be a correction after reaching this point. See the live chart captured below.

New support levels are at USD1430/oz, USD1417/oz, RM1410/oz and USD1406/oz. Input from FX expert, Noor Shufaad Norani http://www.melakafx.com/. Good time to buy gold when the price is on correction.

Keep on reading.

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