Monday, 16 January 2012

Did Gold break its 3 years Trendline? Yes and No

Dear Friends

Gold is living in a tight situation between the range of 1550 and 1700. At this moment Spot Gold is at a price of 1641. Please see the graph. The blue line represents the 30 wk MA which has been Gold support ever since 3 years ago. Each time, whenever it touches the MA, it continues its ascent. Recently it was broken a few weeks back. Will it becomes a resistance to the price of Gold? If it does, you may have seen the end of a 10year bull run in Gold.

However, having said that, there is also a strong trendline supporting the gold price now. See the red line. Recently Gold has rebounded off the low of 1500 which is also the trendline support. Will this figure hold?

I forecast that Gold will be hovering between 1550 and 1700 region. In the short term, I think it will travel towards 1700 before taking break.

Let us watch carefully whether 30wk MA or the 3 year trendline wins the day....

958访谈9月21日:展望2017年股市与经济:美国联储局都不看好美国经济?

·         美国联储局都不看好美国经济? 道琼斯昨晚闭市在 22412 点,涨了 41 点。 昨晚最大的新闻就是联储局的会议。联储局的主席耶伦讲了几样事情: 1)   第一: 联储局保持利率不变 , 但耶伦也表示今年还会加息一次。 这其实和原本的预测一样...