Gold Analysis (GLD)
Date of Analysis: 3rd October 2014
Last Updated on: Same as above date
Current Price: $1216USD
Decided to do an analysis on Gold since there seems to be some noticeable direction in gold. Also have looked at the chart multiple times before writing this article. So, was pretty surprised at finding out which level gold is headed for.
According to this chart and just pure technical analysis, gold will head towards $797USD.
Key Support Level seems to be at around $1180, once broken below that level, it’ll head towards US$795.
Prepare to stock up on cash if you’re in buying gold.