The yellow metal was able to pull off a corrective technical bounce elevating prices above $1,100 only to fall short again below the key psychological level. Prices reached $1,105.90 today but strong selling sent prices to $1,087.18 thus making it harder for bulls to even begin to suggest a market bottom is in place.
Gold is currently trading at $1,090-$1,091/oz.
Very good and informative post
ReplyDeleteJust like when Cyprus had to sell 400 MLN EUR worth of gold reserves to finance part of its bailout.
ReplyDeleteThank you for the analysis i'll keep an eye on Gold.
ReplyDeleteGold is probably headed for target $1,000.
ReplyDeleteGold price may drop even further.
ReplyDeleteInformtive post, thank you.
ReplyDeleteGood assessment!
ReplyDeleteGreat assessment.
ReplyDeletegood post.
ReplyDelete