pistillone
Nuovo forumer
bello quel pollo giallo. di che squadra e'?????? 
Sig. Ernesto
Guest
370 il Goldspot che rompe decisamente e 74,28 per lo XAU, con minimi ascendenti.
Credo si possa archiviare "il botto", o per lo meno l'ipotesi che lo giustificava-
Saluti,
Sig.E
Credo si possa archiviare "il botto", o per lo meno l'ipotesi che lo giustificava-
Saluti,
Sig.E
Stefano U
Nuovo forumer
pistillone ha scritto:bello quel pollo giallo. di che squadra e'??????
non è un pollo
-- Soft Dollar, Fund Buying Hold Gold Aloft
-- Gold Profit Taking Noted Around $370 - Now Deemed Resistance
-- More Gold Profit Taking Expected, Support Seen Around $365, $360
-- Silver Drops 4.8c As Funds Lose Interest
-- Platinum, Palladium Gains Ground, Funds Showing Interest
By Gavin Maguire
New York, May 20 (OsterDowJones) - Comex Jun gold futures settled $2.10
higher at $366.50 per ounce Tuesday after a choppy session. Prices bolted
higher early to fresh 14-week highs of $370.50 on more fund buying and short
covering before pulling back on profit taking and an easing in the early
buying surge.
Despite ending $4 off the day's highs, the $366.50 settlement is the
highest since Feb. 7 when prices just began to pull back from the $386, six-
year highs scored two days before on widespread fund buying spurred by the
approach of the war in Iraq.
Since then Jun futures bottomed in early April just above $320 before
regaining a solid upward path the past five weeks on the extended retreat in
the U.S. dollar.
However, the rate of ascent - particularly in the last two days - has now
left Jun gold futures overstretched to the upside according to momentum
indicators such as the 14-day Relative Strength Index, which has a higher
reading currently than at the time of the early February peak.
As a result, an increasing number of sources are preparing for the
possibility of a slight price pullback and bout of consolidation.
"We've been really cooking recently, so a bit of a cool-off could be on
the menu," said one floor dealer with a commission house.
In that event, support is expected around $360 initially and then around
$357 and $355.
But, other sources maintain that as long as the U.S. dollar retains a
softer bias, and geopolitical and economic uncertainties prevail, gold will
remain an attractive destination for those seeking investment portfolio
diversification or safe havens.
Should that be the case, any near-term price weakness will likely attract
buyers who have previous resistance levels such as $380 and $386 in mind as
upside targets.
Spot gold behaved in a similar manner to gold futures throughout, poking
to a 14-week high of $370.35 before ending the New York session around $366.50.
As with Jun gold, spot metal may be in store over the coming days for a
pullback and period of consolidation. Support is seen around $362, $360 and
$357 initially.
Jly silver was dragged sharply lower over the first hour of trading from a
strong start in the $4.85 region to the $4.76-$4.77 area on profit taking and
a letup in the recent gold strength-led buying interest.
Sources said a cloudy industrial demand outlook coupled with a recent
inability to mount established resistance in the $4.90-$4.92 area prompted the
retreat. Further downside probes were possible over the coming days.
However, should gold remain firm and the U.S. dollar stay under pressure,
Jly should encounter support at $4.75 initially and then around $4.72, dealers
said.
Nymex Jly platinum had a whippy day and dipped sharply mid-morning to
probe support around $642 before clawing its way steadily higher the remainder
of the session on light chunks of speculative buying amid a scarce seller
environment.
Jly stalled ahead of $670, but the resistance in that area is expected to
come under close inspection over the coming days should fund interest be
maintained.
Beyond $670, the next key target area is $675 and then $680. Support is
seen around $660 and then $655.
Jun palladium also settled higher, at $171.90. Much of the strength was
because of platinum's gains, although some fresh fund buying was also noted
and further gains have not been ruled out.
Resistance is expected around $180, $185 and $190, dealers said.
Settlements:
London PM Gold Fix: $366.30, $359.00 Monday
U.S. spot gold 14.30 ET: $366.45, up $1.70 from Open; Range: $364.25-370.35
Jun gold (RGCM03) $366.50, up $2.10; Range: 365.20-370.50
Jly silver (RSIN03) $4.772, down $0.048; Range: $4.755-$4.865
Jly platinum (RPLN03) $666.70, up $14.70; Range: $657.00-668.00
Jun palladium (RPAM03) $171.90, up $6.20; Range: $170.00-176.00
