TVC:GOLD   CFDs on Gold (US$ / OZ)
Dear friends and technicians.

Gold is on the rise, simply because the market is risk averse and seeking more risk friendly investments. I think we are heading towards a quite financially difficult year, where you have economic uncertainties all over the world. On a short term basis, gold tend to rise in these times, the same is the Swiss franc ( chfusd ).

I am quite confident that gold will continue to rise until we reach the 1350 level. We could have a small retraction at 1305 level but that is not strong resistance.

On the MACD , we can see that it is still showing a bullish development.

As you see from my analysis, I am not only looking at the technical side of the development but also the fundamental. Both the fundamentals and technicals are showing a bullish gold market.

I would be more than happy to receive your thoughts on my analysis.

Your future analyst RR.
Jan 10
Comment: Dear friends and technicians.

Gold is moving in the correct direction. Hope this analysis helps you guys.

Your future analyse RR.
Jan 14
Comment: We are again going towards 1300 price level. I believe that the price will fall again in the short term and increase in the long term.
Jan 31
Comment: Still moving in the right direction. I will update the analysis when the ceiling is reached.

Your future analyst RR.


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