Gold Price Review

Reviews on spot gold prices, gold stocks & futures, related news and Technical analysis.

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Location: Hong Kong
   

Wednesday, February 15, 2006

Commodity Gold adjustment continues...

CMX Gold price is now $535, dropped $10 from $545 today.
Obviously gold is not ready to pick up another surge yet.
Hopefully it can build a bottom support around $535. If this support is approved, Gold will be ready to test another 25 year high.
On the other hand, if Gold cannot break through $550, it is still in the narrow trading range, and no new upside or download trend formed.
Today I check the history of Gold over the years. If you take a look at 1970-1980, the volatity is huge after decades of stable price. Get ready to see the big move of gold.

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