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Message: no resistance above 1034?

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no resistance above 1034?

posted on Oct 06, 09 11:28AM

Gold for December delivery rose as high as $1,038.00 an ounce in electronic trade, topping the previous record of $1,033.90 in March 2008. It recently gained $16.30, or 1.6%, to $1,034.10 an ounce.

Pushing through a new high is "very bullish for gold," said Tom di Galoma, strategist at Guggenheim Securities.

http://www.marketwatch.com/story/gold-hits-record-high-as-dollar-slumps-2009-10-06

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