Critical support level is at $1650. If it drops below this level, then expects more free fall... :0
Gold investment corner v4, Will gold price achieve USD2000 by 2012?
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 Mar 8 2012, 12:39 PM
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#1
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Junior Member
18 posts Joined: Nov 2010 From: Kuala Lumpur 
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Mar 13 2012, 04:34 PM
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#2
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Junior Member
18 posts Joined: Nov 2010 From: Kuala Lumpur
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Gold trading at $1703 - a good resistance in gold price at $1718 if gold break this and sustain above this level, than gold can possibly fire till $1728-1740 and even more after that...
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Mar 15 2012, 09:52 AM
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#3
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18 posts Joined: Nov 2010 From: Kuala Lumpur
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Most analysts held that $1650 is a key support level. Falling below this level means the previous ascending triangle pattern (as seen in the charts) will fail, thus possibility of downtrends will continue...
QUOTE(dark_chaotic87 @ Mar 14 2012, 09:22 PM) now the price go below 1650..is ur statement here still valid?  |
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Mar 15 2012, 12:15 PM
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#4
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18 posts Joined: Nov 2010 From: Kuala Lumpur
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Next support level for Gold is at $1625, $1590 and $1555.
QUOTE(iWill @ Mar 15 2012, 10:38 AM) Holding since $1xx. What's the next support after $1650? |
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Mar 20 2012, 09:37 AM
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#5
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Junior Member
18 posts Joined: Nov 2010 From: Kuala Lumpur
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I would't trust technical analysis either, it seems like the world economy (interest rates, currencies, stock market, commodities etc) is being manipulated somehow. Anyway, lets hope the current gold price can make a clean break through above the 1662 resistance level towards the next the next level at 1674.
QUOTE(vincentwmh @ Mar 19 2012, 04:53 PM) +1, same here, i see this coming/happening.. |
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Apr 24 2012, 04:55 PM
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#6
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Junior Member
18 posts Joined: Nov 2010 From: Kuala Lumpur
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Good support for gold is at yesterday’s low $1622$. Unfortunately, if it breaks below this level, expect more pain and pain until $1610 or lower region.
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Apr 25 2012, 11:12 AM
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#7
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Junior Member
18 posts Joined: Nov 2010 From: Kuala Lumpur
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Hope prices can hold up... though charts are showing slow stochastic, and MACD, MA, RSI etc.. all showing risks of downtrend...
 QUOTE(bux @ Apr 24 2012, 10:11 PM) USD1648/oz now  |
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