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The expected price of gold is still good. Therefore, the yellow precious metal climbed above the $ 1,370 mark per troy ounce (31.10 grams) and the upward trend has continued. In the course of a technical correction in the gold price had fallen to $ 1,330 an ounce. U.S. fund managers seem to have the withdrawal exploited to further increase their positions in gold.

From a technical perspective, the forecast signals that the gold price in the short term, however, the potential decline. The price of gold is in a call from head and shoulder formation. After forming the right shoulder would be full training and lead to a sell signal to technical analysts. If the increase in current gold price on the other hand, the courses of the "head" at $ 1,424 per troy ounce, training would be invalid.

The price of gold rose in early 2010 to November 9, 2910 in 1097 to 1.424 dollars per ounce. From the financial crisis erupted in autumn 2008, gold could develop even more than doubled. On October 24, 2008, reached a minimum of $ 681 per ounce. At this point, the upward trend continues to this day has begun.


Gold Price Forecast primarily


The yellow precious metal remains in demand, while the central bank around the world continue to print money to a greater degree. The U.S. Federal Reserve reinforced this trend by extending monetary policy in early November 2010. So the Fed will inject $ 900 billion at the end of the second quarter of 2011 in the U.S. bond markets.

Skeptics fear that the medium inflation risks in the long term. The yellow precious metal may benefit as investors are increasingly looking for a store of value. This remains the gold price forecast of most analysts positive. The price of gold should go up and get up to the end of the first quarter of 2011 on the mark of $ 1,500 per troy ounce.

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