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  • Gold Target for Week of September 28th

    Posted on September 29th, 2009 No comments

    Sorry for the delay in this post. I caught some kind of bug that had me stuck in my bed for the past few days. None the less, I’m back and better!

    Direction: Neutral

    Okay, I hope everyone had a good ride with gold and followed my stops. If so, you should be on the sidelines waiting until gold makes up its mind. Right now we can either break up to $1025 or crumble into the $970 range. We might see some see-saw action until next week. Big events to consider will be the meetings with US and Iran, which should have significant impact on oil and dollar markets this Thursday. That being said, gold could follow suit depending on what the dollar decides to do. Keep your eyes open and keep trading!

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