Gold Price Review

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

Location: Hong Kong

Tuesday, July 11, 2006

Gold keep rebounding, test $640 soon

The blog has not been updated for a while. But the last post has marked the short term / mid term bottom of Spot Gold at $542.

After reaching $542 which is a mere 0.618 correction to the years' gain, Gold surged rapidly back above $550, trading at range around $580, then break $600 and keep rising steadily to $638 today.

The length of correction during a Bull run can last for 1-2 years. Lets see how long it takes to finish correction and break $730 again !


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