Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities


Video: Gold Forecast for January 2010

January 11, 2010 at 14:20 by Andriy Moraru

This video is a medium-term analysis of the spot gold chart with some predictions based on the trend analysis, support and resistance levels and Fibonacci retracement. Although the gold behaved in a very bearish manner during December, the current month looks to be promising for this shiny commodity. The gold may continue its long-term rising trend in January with some profit potential for the bulls and an opportunity to go short from the higher point for the bears.

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