FOREX - Trends, Forecasts and Implications (Episode 13: March 2012) - page 248
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Judging by this stomping around, it will soon move, but where to? I'm more inclined to go down)))
How to draw. As always we have to wait.
What did Draga even say?
Soon the whole of Europe will be living like Greece! (I mean well).
Nnnnda! I'll buy some gold then ))))
Nnnda! I'm going to buy some goldfish, then)))
I bought it 20 days ago and can't get enough of it.
Sympathy
No thanks, I have faith in him, he'll be 2500!
Gold is trading under the 200-day MA at 1684 and has weakened to 1635.00 today, threatening a further drop to 1600, 1567 and 1522 (December 29 low) should it break the 1634 level.
As MIG Bank analysts wrote, a price move below 1522 potentially represents "a unique tactical buying opportunity". "A sustained and consolidated breakout of this level would reinforce the risks of a broader decline, which we forecast. Our cyclical analysis continues to put initial targets at $1460 and $1300," reports analysts Bijoy Car, also citing 1810 as a key bastion of resistance to bearish onslaught.
Keyword: ECONOMY