International gold prices have remained in the range of USD 1120 per ounce and USD 1220 per ounce since April this year. The prices are expected to scale up further till December considering uncertainty in US economy and weak equity markets globally.
Last Position for Gold High is 1238.76 and Low is 1233.43
Pivot Point:
R3: 1244.44R2: 1241.60
R1: 1239.11
Pivot Point: 1236.27
S1: 1233.78
S2: 1230.94
S3: 1228.45
My Prediction Gold Market for tomorrow (August 31, 2010) Still Down Trend to S1 and/or S2 (Look at the Pivot Point) and The High Point is 1239.11 or More.
Always Be Carefully in your SELL Position Weekly Chart still Up Trend.
Many traders are looking at any price dips as an opportunity to buy gold.
Good Luck and Take Care.
