Tag Archives: Gold

Is China increasing its gold reserves to make Yuan a reserved currency? Leave a comment Read more »

Is China increasing its gold reserves to make Yuan a reserved currency?

China will be boosting its gold reserves as the precious yellow metal only makes up a small share of its FOREX holdings. The country has yet to make an announcement on how much gold it will have in…


Gold Decline to 1706$ Leave a comment Read more »

Gold Decline to 1706$

Gold continue to decline since 2012.10.05′s high, the market are below 50SMA, 100SMA and 200SMA ready. Price&timing have resistance at 1740 level. The bearish continuation by previous price project…


Gold After QE3 Analysis Leave a comment Read more »

Gold After QE3 Analysis

Following up with the previous update from Thursday (8/29), gold did indeed break below a short-term rising trendline, but remained above an anticipated support at the 1640.60 pivot. It was declini…


Should Concern About Gold Price? Leave a comment Read more »

Should Concern About Gold Price?

Last week Gold hit a new record high, and the business press is now breathlessly reporting that gold futures broke $1,600 per ounce for the first time. …gold is a classic hedge against inflation,…


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