2010-06-02

The gold price likely to see it trading above $1,300 in Q3/Q4:10

Gold remains well supported above $1,200. Dips are buying opportunities. Gold support is at $1,213 and $1,205, resistance at $1,226 and $1,231. We still favour gold in euro terms relative to gold in dollar terms. The euro has crashed to $1.2110 — a four-year low to the dollar. Our target for the euro remains at $1.15. Some report believe that gold will touch record highs in dollar terms soon. The gold price likely to see it trading above $1,300 in Q3/Q4:10.

There are many macro-economic risks, as confirmed by Spain’s ratings downgrade on Friday. We look to equity markets for direction on risk appetite. The 200d MA still provides strong resistance to the S&P and Dow in the US. Both indices attempted a close above this level on Thursday/Friday — neither did. Looking at the US futures market, both indices seem headed down today.

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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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