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Wednesday, June 11, 2008

Is Gold trending up still?

Today a visitor named lee asking me this question "Is gold trending up still?" I think I need to give my opinions on this properly. Short Term: Price movements for the past 30 days, it is actually down trending. Long Long Term: Price movements for the past 5 years, uptrend is still intact lah. Coming days' prices are crucial for us to observe whether its support level USD850 can hold or not...

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Words borrowed from Dr. Alexander Elder:

Trading is so exciting that it often makes amateurs feel high ...Nobody can get high and make money at the same time.

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