GOLD FORECAST - 7/9/2009

H4 ,DAILY,WEEKLY GRAPH

The gold rose above level 977, which speaks that the market is supposed
to approach target level 1115 soon. There is a resistance on the way up, level 1024,
which the market will need to pass. So, while we’re trading under 1024,
there is a probability of drop to level 990–977.
If the gold eventually rises above 1024,
there will be no obstacles on the way to 1115.
Alternatively, in case the gold drops below level 940,
it will get to level 863.