About this document
October 2011 Gold Bullion Analysis by api-87733769 is a document available to read on EtoBox.
- Gold fell due to disappointing Chinese economic data, weaker US equities, and a resurgent US dollar, which boosted the dollar and hurt gold. - Weakness in risk assets and the bearish double top pattern triggered technical selling of gold. - The author believes gold will rise to $2,000 in 2012 due to ongoing sovereign debt crisis in Europe, weak US growth, and slowing global growth, but sees further short-term weakness and opportunities to enter long positions.
- Author
- api-87733769
- Language
- EN