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Monday, July 21, 2008

Gold Price Set to Tackle $ 1,000 Once and For All

The gold price is preparing to tackle the $1,000.00 mark once and for all, Three times should be a charm.

Watch the US dollar index, once the dollar breaks decisively below the 71 level the gold price should gather momentum to the upside.

On a technical note, the construction of a handle may be underway, a mini rounded bottom including the $940 area is very possible and would be very constructive for the gold price to surge through the 1,000 dollar mark.











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