#197. Gold Peak And Valley 2

Weekly Trend Is Still Up

Gold has moved up again just after 2 days of down time. This clearly demonstrates the power of the bulls.

And looks like the valley that I was expecting is smaller than I thought.

Gold reached all time high at USD1,201.50 in the early hours today. USD1,200 is a psychological resistance and this is now breached. This will give confidence to more people to feel bullish. This will also move gold up higher in the coming weeks.

In the previous article, I mentioned those who are still at the sideline to get in when the price dips. Those who have sold and taken profit, come back in for another ride.

This is now the time. However, please do your own due diligence. This is a risky sport and you have to decide for yourself. You are your own guru.