readbud - get paid to read and rate articles

Sunday, March 7, 2010

Gold Price- Lying Down

World gold prices last week showed the trend of declines with a strengthening U.S. $ GeraiDinar.com indicated on the dashboard with U.S. $ Index. Currently the index is above 80 in number than two weeks ago that around 79.

If I use technical analysis of StockChart as well as graphs (click on the chart let me first look bigger), it is purely based on statistical analysis of the trend is the strengthening of U.S. $ will be able to take up to several weeks ahead. If you follow the previous pattern of this trend will then be able to reach the range of 83 - view large circle marks on the graph.

We know the world gold price in U.S. $ inversely with the power of U.S. $, so when the U.S. $ trend was strengthened - the world gold price in U.S. $ decreased. Roughly from the graph can be predicted that if the U.S. $ index reached 83, world gold prices will be below U.S. $ 900/oz. This course if all things being equal - ceteris paribus.

Ref: emas24.com

Comments :

1
Blogger said...
on 

By using BullionVault you may obtain physical gold & silver bars at current exchange prices.

Register a free account today and get 4 g's of free silver as a joining bonus.

Post a Comment