Opened in Asia at $78.90 and edged down to Y78.84
City Index March 18, 2011 8:00 PM
<p> USD/JPY Range: 78.83 – 81.93 Support: 81.00 Resistance: 82.30 Opened in Asia at $78.90 and edged down to Y78.84, but intervention from the BOJ at 0000GMT […]</p>
Spot Gold rallied steadily yesterday from opening levels around of $1392 and closed the day around $1404 largely on a weaker dollar, but has since risen in the overnight Asian markets on safe-haven buying as the UN imposes a no-fly zone over Libya and oil prices rally sharply. Asia has taken the metal to $1413.50 as Europe opens for business with the price currently trading a fraction higher at $1413.80. Resistance ahead is now seen at $1417.30 and $1430.70 ahead of the all time high of $1444.95 seen on Mar 7. Support is now at $1390.80 and $1386.85.
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