Where is Gold Heading?

[Reealjrd]

The position of gold seen during the clash of the market and observing it now after some stability in the market. Can see both bullish and bearish trend in it. It seems as gold is once again going to show a dip. Can anyone tell where is gold heading?

[FxExpert]

Its probably going to dip again.

[Strategist]

I think on the next week target of gold will be 800/750

[doughlas]

2009-01-1 04:40 GMT
Bullet: GOLD

Gold prices edged down in Asian markets as the dollar strengthened

making the precious metal less appealing as an alternative investment.

Gold prices moved between 858.60 and 859.10 USD/OZ at the Hong Kong

morning close on Wednesday after settling at 863.90 USD/OZ on the

New York Mercantile Exchange.

dose not seem that it will go up any time soon

[dollarfinder]

I think on the next week target of gold will be 800/750

As you can see it's quite volatile now, wonder why

[tradingportals]

Long Term it can only head up, for a number of reasons, one supply and demand, there is way more demand that they can pull out of the ground.

2, when the dollar falls again and it will Gold will climb.

It is not that gold is getting so strong rather that all the currency's are devaluing, as the governments are printing money to try to stabilize the markets.

Gold has always been a safe haven in times of troubles for the last 5000 years it has been the preferred currency and the means of wealth transfer and stability of governments and the wealthy.
Further more in every currency collapse of the past they have reverted back to gold.

More to follow...

[tradingportals]

In the nineteen seventies the fed got it wright to unpeg the dollar from gold, since the the price of gold has been climbing not because of it value, as gold is one of the stable est currency's, you look at gold history and you will find that if you had to by a suit 2000 years ago you would pay 1 cold coin 11,4 grams , today for that you could still get the same quality dress. in 1913 the fed was formed, and it is an international corporation who only answers to its share holders, before they came in to existence America had no national debt.
more another day.

[tjmalena]

Read EWI 2009 Forecast

_4shared.com /file/95612443/a7d188bd/MostImportant2009_EWI.html_

[your_FX]

The pair is declining and is trading at 883.9 dollars per ounce. It is predicted that the gold trend for the next few hours will be a downwards one, as there is less demand for safe havens...
Pay attention to the 875.5 support. If it's broken, the pair could target 865.00. The nearest resistance is found at 900.00.

[84amy]

The market expects that gold will rebound next week, given the outlook of an inflation hike in the near future. it is declining against the Dollar, due to the risk appetite hike; lets see how it goes after today's session...