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樓主 |
發表於 2010-5-14 02:45:31
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Gold has a tendency that.......... if it is rising......if keeps on rising......rising .........rising...... until there is no more people willing to buy at the next higher price.......... then it will start to fall.....
fall..........fall...........until no more people is willing to sell at the next lower price.
If we assume 1,248.2 be a short term top and no one is willing to buy at the next higher price, then the price will start to fall a little by a little, to try to seek support....... after it has saved up some energy, it will rise up again........
Tonight, its support is at 1,226..... so, we will see how far can it rebounce........
Today is not over yet...... but probably it cannot make another historic record high price.....
At 5 a.m. closing time, if it cannot close above 1,238.6....... if it is closed below 1,232.3, that mean it cannot keep on making new high......... not even have a higher closing than Tuesday.
Tomorrow, the price will be quite close to 4 days MA.
From daily chart, for the past 2-3 weeks, we can see the price is normally trading above 4 days MA. If the price cannot break above 4 days MA to trade...... it will trade lower.... to seek support at 9 days MA.
Tomorrow morning time, have to check whether SPDR has increased its holding or not (I guess no adding today....as we cannot see any big rise....). |
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