Continuation with yesterdays view on GOld
As quoted yester day about 41 $ downward movement, today we can see that its already 28$ low from gold 2 days previous high.
Gold will have to take a break of atleast 40 % retracement downward from its recent high in order to take new high.
FED interest is already booming the gold up, but to boom up streams gold as to accumulate buyers from fair value price. gold will not take new height from higher high its against theory of basic demand and attainable supply.
Gold prices will impact many world wide indices as gold is relatively inversely co related to sensitive indices.
Gold will have to take a break of atleast 40 % retracement downward from its recent high in order to take new high.
FED interest is already booming the gold up, but to boom up streams gold as to accumulate buyers from fair value price. gold will not take new height from higher high its against theory of basic demand and attainable supply.
Gold prices will impact many world wide indices as gold is relatively inversely co related to sensitive indices.
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