jackfutu18
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This week, Pitguru Daniel Cronin continues sharing with traders in floor a short review on metal market. Let's see what should we note!
Precious metals had a similar week to the energies as prices were very volatile, rallying in the early part of the week with silver reaching over $35 an ounce. Gold has yet to break the $1,430 quadruple top now. This has tested this level several times now without breaking. I believe this will still be great resistance for gold so keep watching that $1430 level. A very sharp breakout to the upside is likely to occur if the yellow metal gets above $1435.
It will be helpful for your work if you spend more time with other futures market reviews.
The Metals Review
For the week of February 28th, 2011
For the week of February 28th, 2011
Precious metals had a similar week to the energies as prices were very volatile, rallying in the early part of the week with silver reaching over $35 an ounce. Gold has yet to break the $1,430 quadruple top now. This has tested this level several times now without breaking. I believe this will still be great resistance for gold so keep watching that $1430 level. A very sharp breakout to the upside is likely to occur if the yellow metal gets above $1435.
It will be helpful for your work if you spend more time with other futures market reviews.
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