5
March
Gold May Rise Back to Record, GoldCore Says: Technical Analysis
5 March 2010 Business Week
March 5 (Bloomberg) -- Gold’s rally in everything from dollars to euros to pounds is a sign of strengthening demand and the metal may return to its record of $1,226.56 an ounce, according to technical analysis by broker GoldCore Ltd.
The attached chart shows gold may rise to the all-time high of December, “especially if resistance at $1,160 is broken.” That was the highest reached in January. The second chart shows gold priced in euros and sterling reached records this week.
