Gold Prices September 20, 2012, Technical
Add a comment
Technical Reports
To learn more click here
The gold markets had a very quiet session on Wednesday as the bulls took a rest from the massive buying that we’ve seen over the last three weeks. We still believe in the goal rally, and at this point in time are willing to buy pullbacks when they show support. We see support at the $1740 level, as well as the $1700 level and of course the $1650 level.
We are buying gold futures, as well as the ETF called GLD. This ETF gives you exposure to the gold markets without much of the volatility the futures can bring. This allows us to keep the long-term core position in gold while entering and exiting the futures markets at will. We think that there is no reason that gold won’t continue to climb with a world full of central bank easing, and as such we are not selling.
Gold Prices September 20, 2012, Technical
AUD/USD forecast for the week of May 20, Technical Analysis
EUR/USD Forecast May 20, 2013, Technical Analysis
Gold forecast for the week of May 20, 2013, Technical
Fed Exit Strategy Speculation Drives EUR/USD Lower
Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
View all of FX Empire Analyst - Christopher Lewis's Articles
