Gold price below $1,800 per ounce!

Gold turned sharply lower Thursday morning as risk aversion continued to subside in financial markets. CME Group announced another increase in margin requirements to trade gold after the market close on Wednesday. The exchange raised initial margin requirements rose to $9,450 from $7,425 per 100-ounce contract, and maintenance margin requirements to $7,000 from $5,500. The margin increases go into effect as of the close of trading on Thursday. CME last raised gold margin requirements two weeks ago. This factor contributing to the decline in the gold price below $1,800 per ounce.

Commenting on the gold price sell-off, TD Securities wrote the following in a note to clients: “Technically, a very poor day for gold. A new high, a lower low (below Monday’s) and a (very likely) lower close combine to form a bearish key reversal signal on the daily chart today.”

“There are a couple of things to note,” the firm continued. “On the one hand, we have been here before; the daily chart shows a number of outside range reversal signals in the past few months (at least) that have not had any traction with the markets. The ‘reversal’ has amounted to sometimes no more than a day or so of non-appreciation before the underlying bull trend resumes powerfully. On the other hand, the signals are tending to grow in size – and therefore technical stature. In theory, the bigger the reversal signal, the more impact it might have.”


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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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