Gold Price Review

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

Location: Hong Kong

Tuesday, October 03, 2006

Gold drop from $600, and test $580 again

Oil falls below $60, lowest since 7 months ago.
Gold follows and falls sharply to test $580 again, dropped $18 in a single day.
Price has been trading in a short range $580 - $620 these months. Generally price is bored around the same price range. Everytime the rise/drop happened so vigorously, but it never broke out of the range.
This situation is expected to last further. But many people start to doubt if the gold bull run has ended already. All that relies on the future trend on USD.