Where the gold is price is going?

Discussion in 'Commodities, Stocks, and Indices' started by Weizfx, Mar 29, 2012.

  1. Weizfx

    Weizfx Trader

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    Few weeks ago, when the gold traded around $1800, Bernanke said that this prices reflected a bubble in gold and his words crashed the precious metal all the way down to $1600. Do you think the gold can get back to $1800 son? Please explain why.
     
  2. Enivid

    Enivid Administrator Staff Member

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    I don't think so. The gold looks to be in a downtrend still with the next medium-term target near $1,500/oz.
     
  3. mr.gardner

    mr.gardner Trader

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    I think that a reasonable target of the gold price is 1700 but 1800 is quite unsafe target. I would prefer short term trading for this financial instrument.
     
  4. Fxpipper

    Fxpipper Master Trader

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    I would say around 1650/oz, for the near term..
     
  5. Tony Crey

    Tony Crey Trader

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    I think it'll get back to $1800
     

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