Software & Finance - Monthly Magazine Online

Volume 2 - Issue 6

June 2012

Gold Buying Opportunities!


May 18, 2012 - Gold price closed today at 1575.50 per ounce. Here is the gold price technical indicators for 10, 21, 50, 200 days EMA.

 

1642.04 - 200 days EMA
1576.54 - 50 days EMA
1538.71 - 21 days EMA
1536.74
- 10 days EMA

 

Since Gold Prices clearly broke its 200 days EMA so gold will reach its deep support level of 1000.00 US$ per ounce. Now Gold price will bottom between 800 to 1000 US$ per ounce.

 

When we get closer to election, US$ will be very strong and so that would be the perfect time to buy gold!