Gold Price Review

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

Location: Hong Kong

Sunday, November 05, 2006

Boring months for the gold, now at $627

Historical statistics shows that after a first phase of bull run, gold has gone through one and a half year of adjustment period before its last rising phase at 1980.

Gold has dropped back since mid May of 2006. 6 months has finished and the lowest had been around $550 and then struggling between $580 - $660. The 3 previous trading ranges being
$580 - $605
$605 - $635
$635 - $660

No break through is expected at the moment. Otherwise it is likely that the last bull has started. Then will aim for $735 and then the record high $850.


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