gold @ resistance now. I will only go short when macd turns bearish and if 20 sma the median bollinger band are broken. Fresh longs r out of question now.
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DislikedIt could easily touch $1,200 by the end of November or early December..Ignored
Dislikedwhether the gold next week will keep up to $ 1200? because in this day it has fallen to $ 1138Ignored
DislikedDefinately not a good time to buy. Upward breaks of upward channels are never to be trusted.
Seeing support at the 1070 region.Ignored
DislikedBro
I heard today is options expiry big lots at 1200 usd hence the push i guess. It is too far for that price but you never know what the big players do about. I personally think it will fall since on weekly charts also macd is topping highly overbought levels. What do u feel bro?
regards
BalajiIgnored
DislikedSeven reasons why gold will surpass $2,500 & inflation isn't one of them:-
1. Decreasing mine production
2. It's getting harder to find
3. Investment demand
4. Central banks are buying
5. Push for gold-backed currencies
6. Exploding demand in Asia
7. Gold is in a secular bull market
*Courtesy of Peter Krauth, Money Morning, 26 Oct 2009
I see gold at $1,300 & $2,500 by the end of 2009 & 2010 respectively!Ignored