Gold Price Predictions

Well dear friends as you people know that gold was not able to cross the barrier of 970$ in its previously really>now a correction has taken place and may be in a day or so it will be ready to go for another rally and its expected that this time it will cross the $970 level and if it crossed this level then its very likely that it will again break the level of $1000.
My recomended approach is buy at $ 945 and target at $ 960.

Gold Price Predictions

Well gold is at very lucrative position for short term.The ongoing oil prices and expected devalue of Dollar makes gold a product to invest.So,go for short term contract

Gold Price Predictions

I have got a mail from richard asking about crossing of 1000$.Well dear from my point of view this level will be broken but not yet.So feel safe that the train is not leaving yet.At present the bullish beahviour is due to present situation of the world ecnomics,the rise in oil prices has shifted some investors in the oil markets but the demand of gold is still there.At present it seems difficult to break the barrier of 975$.Gold is bearish in short terms and tend towards little bearish in long term.

i think one should target the limit 960$ for now on and put stop loss at 930

Gold Price Predictions

i think gold is taking correction so its time to wait a little.
but if u regularly trade then

short term:short gold 923 - 927, sell 929
long term: buy gold 912 - 893 , stop loss 890

Gold price predictions

Recommend:

Strategy 1:
Sell 893/ Stop loss: 900/ Targets: 883 and 870


Statergy 2:
Sell on break 883 support if the strategy 1 could not entry.Sell: 881-882/ Stop loss: 887/ Target: 870

Gold prediction

The unit have been testing the resistance 939 and seem its hard to break out. RSI is giving a signal that the unit would give a correction soon.

Recommend Sell: 963-964 / Stoploss above 969/ Target: 947

Gold Prices continued to rise for US-Dollar

oaGold Prices continued to rise for US-Dollar investors early Thursday, hitting $951 an ounce in London's wholesale market as the greenback fell vs. all asset classes.World stock markets rose together with bonds, non-US currencies and all traded commodities after the Federal Reserve announced $1.25 trillion of "Quantitative Easing", creating money to buy long-dated US Treasury bonds and government-backed US mortgage debt."USD getting destroyed. Hearing Asian central banks buying Euro," said a London dealer to Bullion Vault this morning."Stops going off on topside," he added, pointing to bearish bets on gold being wiped out as the rising price broke above traders' stop-loss levels.Over on the currency markets – and for the first time since mid-Jan. – the Euro also jumped together with gold, adding to Wednesday's record one-session leap and hitting a fresh 10-week high vs. the Dollar above $1.3680.Crude oil broke above $51 per barrel. Copper jumped to a four-month high.The Fed's Nuclear Strike on US Treasury yields – which squished 30-year rates to new record lows – meantime rippled across government bond markets worldwide, with investors bidding up UK and German bonds so high, their 10-year debt yielded barely 3.0% by lunchtime in London."I am torn between deflation unleashed by a bursting credit bubble, and the inflationary pressures of the policy response," writes James Montier, strategist with Albert Edwards at SocGen in London.Trying to identify "cheap investment insurance" for clients this morning, Montier cites inflation-protected government TIPS as one possible solution. His "second inflation/deflation hedge" is gold."From an insurance point of view, most obviously...gold is the one currency that can’t be debased. Thus it provides a useful hedge against the return of [the Fed's] sort of beggar-thy-neighbor policy. In the event of significant prolonged deflation [on the other hand], what is left of our financial system is likely to collapse."Thus holding a money substitute isn’t such a bad idea against this cataclysmic outcome."Voicing concern at the recent surge in media coverage ("not hugely surprising given that gold is up some 30% since late October"), Montier adds that "Gold is massively under-owned institutionally" even as it "may have been moving up the list of attractive assets."The mainstream institutional appetite for gold has remained depressed."Recording an AM Gold Fix at $937.25 an ounce – its best level since March 2nd – the price of gold only stood sharply higher vs. the US Dollar, however.Wednesday's London close – one hour ahead of the Fed's $1.25 trillion announcement – saw gold hit five-week lows vs. the Japanese Yen, commodity-rich Canadian and Aussie Dollars, and the British Pound.Priced against the Euro, gold today traded 3.4% above Wednesday's 7-week low of €671 an ounce, but it failed to hold above the €700 mark – a level first broken on the way up in late January.Ahead of Wednesday's late surge in Gold Prices, notes Walter de Wet for Standard Bank this morning, "Gold and other precious metals sold off despite equities falling in the US and Europe, and despite a depreciation in the Dollar against the Euro [as well as] US Treasury yields declining."All these factors should have been bullish for gold. The only real factor weighing on the Gold Price [was] scrap metal flooding the markets."Recycled metal – originating from gold-jewelry owners taking profits to raise cash – began pouring onto the international market in mid-2008 as prices rose amid the global economic slowdown."[Although] many individuals expected to eventually re-acquire 22-carat pieces as the economy improved," reports Philip Newman, research director at GFMS in the consultancy's latest quarterly update, "Turkey switched from being a significant importer of gold in 2008 to a major net supplier of bullion."The world's fifth-largest gold jewelry consumer, Turkey imported an average 232 tonnes of gold per year between 2003 and '07."Most startling of all," adds Gargi Shah, writing for GFMS from India – the world's No.1 gold jewelry consumer – "for the first time since the Indian gold market was liberalized over 10 years ago, we are starting to observe near-zero levels of net imports."Back in the Western financial markets, meantime, and looking at Wednesday's $1.25 trillion injection of new money into US asset markets, "A lot of people thought the Fed didn't need to do this," notes John Authers for the Financial Times today."[Either] they know something we don't about the banks, or they think a lot more bail-out money will be necessary.""Should quantitative easing continue," says Emanuel Georgouras at precious-metals dealer Marex Financial, "you can expect to see further gains in gold."Contact





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