Gold Price Review

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

Location: Hong Kong

Friday, November 24, 2006

Gold breaks $635

The previous post was made 20 days ago which the gold price is $627, and gold price has been boring at this level until today it rises $9 and breaks $635.

USD has been weak these days, EUR/USD just broke 1.3 and is now 1.3079, which may indicate a further drop of the dollars.

Gold will benefit from the dollar drop. Hopefully it will enter another trading range of $635 - $660. Lets see if $635 shows a good support.


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