Gold selling panic would continue!

[Analysto]

The yellow metal, the one every one loves and a lot die for, is under selling pressure right now, by looking to its chart we could notice how are people afraid since it touched 1000$/Oz, it couldn't handle being above 1000$ for more than a night or two as every time it passes this level it retraces quickly.
March 19th. candle was an aggressive bearish one with a trend breaking sign confirmed with the following candle which was out the uptrend completely and which gave more power for bears, Fibonacci studies tell us about our targets of shorting it with 882.50 as a first target "keep an eye of 904-last Thursday's low", 840 as a second target and 790 as a third target while, Elliott waves suggests a final target of 745, a way or another, it's over for gold for now, i think.

[james]

Gold eased on Tuesday due to selling by stockists amid lack of large buying support from investors. Standard Gold was down Rs 290 at Rs 13,230, as against the previous close of Rs 13,520. Retail ornament gold (22 ct) also was down Rs 27 at Rs 1,226 per gram. It closed yesterday at Rs 1,253.

[haili5]

The good news about silver and gold prices today did not stop with their higher closes, gold up $12.30 at $895.20 and silver up 29.2 cents at $17.1470. In the aftermarket they kept on chugging, running to $904 and $17.375 last I saw. Yesterday might have been the last day of the correction, but let's look at tomorrow, too. I note with interest that the upward correction in the Dow in gold dollars appears completed, or nearly so.

[james]

today's gold price closed at 897usd/oz
a decline of 6.5usd/oz
gold market is getting down now a days

[james]

gold is likely to go to $1000 soon
what u think?

[nicks]

can we trade gold?
if yes then which pair will be suitable?

[nicks]

gold has hit 953 today

[jamlink]

why is gold falling like a rock?..It's down to 874 today and a couple weeks ago it was up to 940+.

[haili5]

It is still believe that the gold price will still go up to $1000+. Dollars is still expected to fall in the coming weeks.

[henri.wisdom]

Sell sell sell, take profit....

[shettythilak]

why is gold falling like a rock?..It's down to 874 today and a couple weeks ago it was up to 940+.

dear friend for your kind considration, again its re bounced to USD 940, for next 6 months it will hower around 800 to 1000 usd

[pipstrade]

A news about "Gold Rebounds on Demand for Inflation Hedge; Silver Declines" from Bloomberg.

Gold rebounded on speculation a weaker dollar and rising energy and food costs will boost demand for the metal as an inflation hedge. Silver fell.

More on this news here - http://www.bloomberg.com/apps/news?p...d=aGk0agBhrU7s

[max2sf]

look like gold is moving now to new high soon may be winthin next 2 months

[sibforex]

and GOLD get 1000 ?

[hamadatherock]

such a gold fall like this doesn't happen much it makes me very hesitated of a sudden resistance