GOLD – Update
February 5th, 2010 - 5:32:02 GMT
Gold slided to the new lows even faster than we could expect following break of 1100/1095 noted earlier. Currently sitting on 1050/60 supporting zone. Very important supporting zone comes @ 1025-30 and mostly based on weekly closes. Decisive break below likely will let Gold to dip way below 1000 to the ~950 dollar per ounce.
Time frame for observation – daily/weekly.
