Like the title says, Gold is likely to fall, because of EU, nothing more.
Gold could stay up due to bank gold manipulation to be done due to some suspicious activities being investigated, so gold won't be manipulated as much as before, I think.
Gold long term(1 month - 6 months) is likely to stay up and even more, rally.
Due to very high volatility in forex markets, Gold should survive better than fiat, but this is all a game of governments and central banks about controlling fiat, and gold could fall victim to it.
A break on gold below 1200 signals a short on gold, and a strong dollar will help it go down.
Could go as low as 1170, but if EU goes to parity, 1100 would be a long term target. If it breaks below key numbers like 1100 or even more, 1000(highly unlikely in my opinion), gold should start becoming bearish.
Between gold and silver, my opinion is that silver is much better than gold due to now, low price, JP Morgan cornering it by buying half of the silver production this year and much better industrial use in silver, since gold is mostly used in jewelry and that's it.
Short gold now if it breaks below 1200 and EU scenario is confirmed, long gold if a US QE is launched and lots of panic in the market.
Due to gold making a top at 1230 last 2 weeks, I'm a bit biased to say that gold can hold a good price, and this short bullish trend is not over.
Breaking below 1200 signals both breaking key price and 50 day exponential moving average (50 EMA).
Look for short gold for now, but consider that gold is more valuable as money than fiat currencies.
That is all.
Gold could stay up due to bank gold manipulation to be done due to some suspicious activities being investigated, so gold won't be manipulated as much as before, I think.
Gold long term(1 month - 6 months) is likely to stay up and even more, rally.
Due to very high volatility in forex markets, Gold should survive better than fiat, but this is all a game of governments and central banks about controlling fiat, and gold could fall victim to it.
A break on gold below 1200 signals a short on gold, and a strong dollar will help it go down.
Could go as low as 1170, but if EU goes to parity, 1100 would be a long term target. If it breaks below key numbers like 1100 or even more, 1000(highly unlikely in my opinion), gold should start becoming bearish.
Between gold and silver, my opinion is that silver is much better than gold due to now, low price, JP Morgan cornering it by buying half of the silver production this year and much better industrial use in silver, since gold is mostly used in jewelry and that's it.
Short gold now if it breaks below 1200 and EU scenario is confirmed, long gold if a US QE is launched and lots of panic in the market.
Due to gold making a top at 1230 last 2 weeks, I'm a bit biased to say that gold can hold a good price, and this short bullish trend is not over.
Breaking below 1200 signals both breaking key price and 50 day exponential moving average (50 EMA).
Look for short gold for now, but consider that gold is more valuable as money than fiat currencies.
That is all.
