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MUMBAI, Feb 23 – Comex gold price futures fought off a sluggish start to Wednesday’s session to add $21.25, to settle at $1,781 an ounce in late New York. Actually, bullion was in the red for nearly the entire day until a spate of last-hour buyers came into the market propping up the yellow metal. This how strong gold and oil were today: Both commodities closed higher.
Gold Technical View : We have made things simpler for readers, we have incorporated a indicator overlaid in prices which gives the common investor the over all trend of the commodity at a glance.
On the price chart ,we have given the Cylcle strenght indicator for GOLD , Silver, Crude, Euro and Dow – and the way to interpret is as long as the indicator values is above 0% – a bullish ( strength) signal and below 0% reading indicated a bearish ( getting weaker) signal.
As seen on the chart prices are rallying and above the bullish strength signal.
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