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Setback after relaxation provide signals from the Ukraine. Following the sharp gains
the previous day to $ 1,351 gold has eased back to $ 1,337 today. After a
four month high yesterday this corresponds to a drop down of the gold price in
the market by about 1%. Reason for the relaxation is probably the announcement
that Russian troops had completed their maneuvers in western Russia and were
ordered back to their homes. The far trend after this correction seems to be still long. But in case of further relaxation profit taking threatens.
the previous day to $ 1,351 gold has eased back to $ 1,337 today. After a
four month high yesterday this corresponds to a drop down of the gold price in
the market by about 1%. Reason for the relaxation is probably the announcement
that Russian troops had completed their maneuvers in western Russia and were
ordered back to their homes. The far trend after this correction seems to be still long. But in case of further relaxation profit taking threatens.
And always remember "A danger foreseen is a danger avoided."
Good luck!
Good luck!
