30
November
Gold, in 'Healthy Breather,' May Top $1,200 This Year: Technical Analysis
30 November 2009 Bloomberg.com
Gold is taking a “healthy breather” and may resume its advance above $1,200 an ounce this year as the dollar weakens against global currencies, according to Barclays Capital.
Gold’s support level at $1,127-$1,131 remains “unchallenged,” Jordan Kotick and other analysts at Barclays wrote in a report Nov. 27. “Rather than a deeper pullback, ideally we expect a $1,130-$1,200 range to develop over the next week or two.”
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao7wv6Qqo_To
