GOLD Forecast 22 - 26

Geronemo created a record breaking day on Monday, Gold had a freefall of >$150 in one day, the last great freefall was >$90 on 29th February 2012. From a high of 1495.40 to low of 1321.60 and closed at 1400.90 , may be a sign of weakness. Most analysts (at least those that appeared on tv) said that China’s economic data was the cause of panic selling. China became the world’s biggest producer of gold and its people, the world’s biggest consumers, but that is only recently. Buyers are cautious and are playing a wait and see attitude as gold laboriously try to recover only 40% of the recent slide. Technically, we are looking at an extended crabbish movement between resistance at 1440.00 and support 1320.00 .

Geronemo telah menciptakan rekor baru pada hari Senen, Emas terjun bebas >$150 dalam 1 hari, terakhir emas terjun bebas >$90 pada tanggal 29 Februari 2012. Dari level tertinggi 1495.40 ke level terrendah 1321.60 dan penutupan di level 1400.90 , mungkin akan dianggap kelemahan. Hampir kesemua analis (setidaknya yang muncul di tv) menyatakan data ekonomi China yang lemah yang mengakibatkan anjloknya harga emas yang mengakibatkan penjualan secara mendadak. China telah menjadi produsen emas terbesar dunia dan penduduknya sebagai konsumen terbesar dunia, hanya baru-baru ini. Para pembeli mengambil sikap tunggu dan melihat dengan hati-hati, emas merangkak untuk memulihkan hanya 40% dari nilai terjun bebas. Secara technical, emas akan bergerak mengepiting lelanjutan diantara resistan di level 1440.00 dan support di level 1320.00 .