Sunday, July 27, 2014

Perspective on the gold price trend next week

Perhaps, the most difficult problem now is to find the price trend of gold. I'd bet that the majority of investors still believe that gold prices fell.  But, I personally believe that gold has escaped downtrend. A previous article I stated the price of gold will encounter strong resistance at 1291 USD/oz . That article was right.
However, gold prices were adjusted up to the 1308 USD/oz. It says that gold has escaped downtrend.
Target 1356 USD/oz.


If my analysis correct, the next target of a gold price of 1356 USD / oz. Currently, there is not a specific trading strategies. When have a good signal, I will update soon. Everyone remember to follow the blog regularly okay.


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