Don't Be Afraid Of Fed, Gold value To Touch $1,600

as informed in GOLD PRICES rose against all great currencies on Thursday, rallying above $1315 per ounce in $ terms after the America Federal spare held its key interest average unchanged. "Gold prices were [also] relatively subdued, [meaning] many Businessmen lacked a clear signal." Q1's weak gold investment request expanded into April, information from BullionVault showed earlier this week. "On a 12-month basis," told Wednesday's America federal statement, "both overall inflation & inflation for items other than food & energy have moved lock to 2%. Both the Euro & English Pound Meanwhile saw gold prices height near their top ever mid-January, gaining 0.5% & 0.7% for the 7 days very far respectively at €1098 & £968 per ounce.

Don't Be Afraid Of Fed, Gold value To Touch $1,600

This particular statement pushed the $ index reduce & we saw a higher move in the gold value yesterday. We saw a huge sell-off in the gold value & we touched the standards that I mentioned before. If the federal even adopts a further hawkish stance, I don't think it Information Systems will crush the gold value anytime soon. In this context, any pullback in the gold value Information Systems a good opportunity to buy. Now, again, if history comes into play (or if oil prices face a great correction), I am expecting the gold value to move all the move to $1,600 with the finish of this year.

Gold value down probably Resume as America information Bolsters federal Optimism

As it stated in CRUDE OIL and GOLD TALKING POINTS:Gold value pop after FOMC meeting unable to sustain momentumCrude oil prices torn among conflicted supply trend speculationService-sector ISM information perhaps Stress commodity prices lowerGold prices attempted a short-lived healing however failed to sustain momentum yesterday. Crude oil prices reflected Fed-inspired volatility as well, mirroring moves in gold and the S&P 500. See our quarterly gold value prediction to learn what going to drive the trend out of mid-year! GOLD TECHNICAL ANALYSISGold prices are exploring above support-turned-resistance in the 1307.63-08.65 ambit (3-month range floor, 23.6% Fibonacci expansion) anew. CRUDE OIL TECHNICAL ANALYSISCrude oil prices are languishing in a familiar range below the $70/bbl figure.

Gold value Futures (GC) expert test – Change in Momentum can Lead to Near-Term Test of $1335.90

Daily Swing map Technical AnalysisThe major trend Information Systems drop according to the every day swing chart. If there Information Systems a meaningful short-covering rally then its retracement region at $1335.90 to $1343.80 going to become the primary upside target. Daily Swing map Technical ForecastBased on today's value action, the direction of the gold market the rest of the session Information Systems likely to be set with merchant reaction to the 50% standard at $1311.40. If this move generates sufficient upside momentum then we can see a rally into $1335.90 over the near-term. Look for an upside bias into the lock as long as gold stays above $1311.40.

collected by :kiven Dixter