Býčí trend zlata ukončený
Po 12 rokoch sa býčí trend konečne skončil, tvrdí technický analytik Reuters. V nasledujúcom období by cena žltého kovu mohla poklesnúť na US1447/oz, potom opätovne vyskočiť na US$1700-$1800/oz. Avšak následne už začne dlhodobý pokles, ktorý môže vymazať všetky zisky od augusta 1999, kedy sa rally pri cene US$251/oz v podstate začalo.
The Gold price crash after the peak of $1920 has been so severe and violent that it may have triggered a bearish reversal.
Thus the gold bull run which spanned 12 years has finally come to an end, as per Wang Tao, a Reuters Technical analyst.
The level of $1545 was very important in the sense that it was a 161.8% Fibonacci projection of Wave C of the bull cycle. Gold had a monthly closing above $1545 in July, after which prices shot up to $1920 in September.
Gold prices had fallen from the peak of $1920 to around $1530.
So, what lies ahead for gold?
Wang Tao predicts that Gold will continue to retrace till $1447 and then rebound to $1700-$1800. After which, gold could start a long-term downtrend that could erase most of the gains it has made since August 1999 when the rally started from $251.
04.10.2011
"Let me issue and control a nation's money supply, and I care not who makes its laws.” Mayer Amschel Rothschild
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." James Madison