Gold may 'Transition to death action` habitable

Logic Advisors' technical analysis of the death, according to the movement of the passage, marks of gold may fall to $ 1,200.

According to technical analysis by Logic Advisors , gold futures contracts , to point to the passage of death, along with the average near the lively , expand the drop since June to $ 1,200 per ounce , the lowest level that can bring in a downward .

Upper Saddle River, New Jersey Logic Advisors' partner Bill O'Neill, 50 day average 100-day average for two sessions in a row , and the situation was under six years, until the end of yesterday's New York at $ 1,272.30 on the Comex market, which is the closing level of point may fall as much as 5.7 percent , he said.

Gold, some investors lose their confidence in the ability to protect the metal value , along with the loss on an annual basis for the first time since 2000 headed . Yesterday, the highest level in nearly six years, global equities , while 1.2 percent of the United States , which is half the average of the last 10 years the level of inflation is watching. New York Fed President William C. Dudley, said in a statement yesterday , the U.S. economy is getting stronger in the more hopeful to say that the Fed's asset purchases will reduce the concerns strengthened .

O'Neill, the market seems very lackluster and technical indicators point to further weakness , ded , and the passage of death , the prices will continue to remain under pressure as an indicator of the other reviews said.

Death transition , the short-term moving average long -term moving average falls below the emerge. Yesterday, the 50-day moving average and 100-day moving average of USD 1,319.97 USD 1,315.58 levels respectively . O'Neill, the first and the next downside target 1,250 $ 1,200 dollars , he said. Gold 34 -month low of $ 1,179.40 on June 28 had seen .

According to data from the U.S. Commodity Futures Trading Commission , speculators net long position in the number , week ending November 12 , down 37 per cent of the contract by reducing 55.456 . This shows that the biggest drop since February . The number of short positions , that the level of the previous week 26,490 from 54,143 the output.

According to the World Gold Council , global gold demand last quarter , investors, exchange traded funds and similar products fell by 21 per cent with 118.7 tons of gold to sell .

Bu Haber için yorum yapabilirsiniz 27.11.2013 22:13:53 204.236.235.245

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