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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price nearing the cusp

Posted on 24 June 2013

We have often said that fundamentals are not necessarily the key influence in the path of the gold price – sentiment and fear are perhaps the main influences on the yellow metal’s price movements. And at the moment neither seem to be playing a significant role in where gold’s path is trending.
Indeed some technical analysts, who make their predictions based virtually solely on chart performance, see gold falling yet further with possible significant support levels at $1,200 – and then, if that is breached, as low as $1,000………………………………………..Full Article: Source


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