Tuesday, April 1, 2008

BUY GOLD $890 TARGET $1250

Timeframe: 1 day chart
Direction: Long
Price: $890
Target: $1250
Stop: below $840
comment: Gold likely to hit $1250 in 2008. Gold is benefiting from inflationary pressure and weakening dollar and ongoing geopolitical tensions, buoyant oil prices and credit crisis in the mortgage sector of US.