Wednesday, November 5, 2014

My Gold Analysis as At November 4, 2014

Gold appears to be range bound. Which way is next?




Today the metal decided to sit still, hardly budged, moved up to R1 briefly and then dropped below the Pivot and now is sitting at S1.

There was very little interest as people are waiting for something to occur.

Here is an hourly chart which is a couple hours before the European markets open. As you can see Monday and Tuesday have seen very little movement in price.





Here's the tragic irony of the gold bubble: Pro - CNBC
Tue, 04 Nov 2014 19:59:43 GMT
Here's the tragic irony of the gold bubble: Bullion is down 5 percent in a week, breaking below the $1,180 level where gold futures had found support to hit a four-year low. And according to Mark Dow, what we're now witnessing is the secon ...
Read more ...



Gold Falls as Investors Expect ECB Stimulus - Wall Street Journal
 Tue, 04 Nov 2014 19:51:34 GMT
Gold Falls as Investors Expect ECB Stimulus  Gold prices fell Tuesday, as investors believe the European Central Bank will take further measures to boost the region's economy, after the Bank of Japan unveiled a fresh round of stimulus ...
Read more ...


This is about the most important news about Gold from Tuesday.

Re-launch of gold deposit scheme can cut imports by 250 tonnes - Economic Times
 Tue, 04 Nov 2014 18:39:11 GMT
Re-launch of gold deposit scheme can cut imports by 250 tonnes:   The country's gold imports could come down by 250 tonnes a year if the government re-launches a gold deposit scheme and mobilizes at least one per cent of ...
Read more ...

No comments:

Post a Comment

Newer Post Older Post Home
The place for adult web traffic