Gold Potential Rebound To 1729.98
27 January 2012 14:50:42 WIB
XAUUSD
Gold prices continue the strengthened up to 1729.98 at yesterday trading session. Current movement of gold is around 1717.60 and likely to testing the support at 1714.50. Technically refers by CCI and Stochastic movement was likely up, gold potential up aiming the resistance at 1229.98 if the support holds. On the contrary if the support is broken, the movement of gold potential correction aiming the next support at 1699.02 until 1681.70.
Oil
Crude oil on the hourly chart seems likely to testing the support at 99.44, any breaks the support area potential trigger the further correction aiming the next support at 98.99 until 98.43. Meanwhile be aware the technical indicators movement was approach the oversold area because potential trigger a rebound aiming the resistance at 99.90 up to 100.46 if the support at 99.44 holds.
