The Gold Price Keeps Hitting The Wall At USD945
















This week at US is a long holiday weekend (4 July ), usually it takes people out of the market. They close out positions before they leave for the weekend, and put those positions back on when they return on Monday.

The Gold Price keeps hitting the wall at USD945 and skidding to a stop about USD925. In other words, its range bound between USD945 and USD925. Sooner or later it will break out, one way or the other. Either way, it will make a quick, substantial move when it does break out, to USD900 or to USD1,000.

http://www.lookforward.com.au/uploads/20080131/4d953ecc-01fb-4005-b5c4-815c329e92c4/G8%20summit%2009.jpg

Anyway, next week is dangerous for currencies and metals, because of the G8 meeting in Italy will start. Back home Malaysia gold price will follow the patten of US Gold price hitting RM107 and bound at RM105 so if you buy at Public Bank you will not make any profit between this range.

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