Rate touched an early session of $1.4184 in Asia before getting knocked back from around $1.4181 to $1.4150
City Index March 25, 2011 9:19 PM
<p>EUR/USD Range: 1.4150 – 1.4194 Support:1.4100 Resistance: 1.4230 Rate touched an early session of $1.4184 in Asia before getting knocked back from around $1.4181 to $1.4150 as […]</p>




Precious metals rallied strongly yesterday morning as safe haven demand continued to dominate, with spot Gold opening at $1438 and posting a new all time high of $1447.80 in the afternoon before some serious profit taking emerged sending the metal spiraling down to $1423.80 and closing the day at $1431.20. Spot Silver behaved in a similar fashion opening at $37.40 recording a fresh 31 year high of $38.16 before crashing back to $36.85 and closing out the session at $37.16. Both metals have seen some small upward momentum in Asia this morning with Gold edging up to $1435.00 and Silver to $37.63. Support for spot Gold now lies at yesterday’s low of $1423.80 and $1419.50 with resistance towards $1440.40 and the new all time high. Silver has resistance at $38.16 and then the next psychological resistance at $40.00, with support rising up to $37.20 and $36.85.
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