Gold Dip Below RM118/g - A Good Entry Point















Yesterday Gold price dip below 100DMA to USD1160 per Oz, this level is a good entry point to invest into gold market. Gold market have been manipulate dip below 100DMA to cause any weak gold holder to sale out they gold before a big rally to USD1,300 by 4Q2010.

Usually August and September, demand on gold is high so dip now on July to accumulate. However gold price 916 in Malaysia still sale at RM143 per g, this level is when gold is RM125 per g international rate. Demand response from the physical market remains one of support rather than resistance.

Federation of Goldsmith and Jewellers Association of Malaysia keep this rate to maximum the profit because they know people still buying gold in this rate and international gold price is been manipulate down not because of not buyer.

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