Gold Buying Opportunities!
May 18, 2012 - Gold price closed today at 1575.50 per ounce. Here is the gold price technical indicators for 10, 21, 50, 200 days EMA.
1642.04 - 200 days EMA
1576.54 - 50 days EMA
1538.71 - 21 days EMA
1536.74 - 10 days EMA
Since Gold Prices clearly broke its 200 days EMA so gold will reach its deep support level of 1000.00 US$ per ounce. Now Gold price will bottom between 800 to 1000 US$ per ounce.
When we get closer to election, US$ will be very strong and so that would be the perfect time to buy gold!
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