You can read my previous views on Gold here.
To continue with the current development, I’ve analyzed using ABC Wave Pattern on long term chart. Read on…
Gold is UP? It depends on the time frame.
From US$1,130 low in Nov 2013, it has climbed to almost US$1,300.
It is a 15% return. Yes, it’s up.
It’s great if you are a trader and can do the leveraging and catch it at the lowest point.
Now, however, you may wondering, asking, is it safe to buy now?
I’ll share my views from ABC Pattern point of view. I hope this adds your reasons in making decision to buy or to sell.
As always, I like to see from the BIG picture.
See the first chart of 30 year price movement. This is the maximum range I can get. However, you can find out on the internet that Gold price was as ......