Trade Huge

Gold started well in the start of month of june , touched a high of $990 / oz , it tried to stay at levels above $980 lot of selling at higher levels pushed the prices down.

It started to slide more quicker and in a day it had movement of $980 to $955 a huge sell off, continuing with the downward movement gold made a low today of $913.50 this is the lowest gold price this month.

Gold charts has formed a steap mountain going upward initially this month and coming down sharply. About 7 days left for the month will watch out the closing of gold price for this month. Traders should wait for the right time to enter to purchase gold.

Gold trading above $900 it closed at $913 on friday ,after staying in a range of $850 – 895 , last 3 days of the week it gained constantly , volatility has increased in last few trading sessions gold prices have increased, there is more movement compared to last few weeks of trading.

It will be interesting to see if gold can touch new highs from its earlier high of $990 this year and reach to 4 figures.

The average annual appreciation of gold from last 8 years is 16% , though its more wise to keep gold for longer term then trading in it, as appreciation rate fluctuates and trading for short term appreciation without stop loss can be dangerous.

Gold prices goes upto to  $832 levels, it was struggling to get above $830, finally broke it, made a high of $842 intra It fell one way from $841 to $835.40 in matter of just 10 minutes., falling further it went down to $833 . Traders be careful while trading as movement is very very volatile, stop losses would be triggered very quick.

Intra day high $842

Intra day low $821

Gold trading at $771 , made a high of $772, price going up due to drop in usa dollar prices.

Gold went up to $755.85 in matter of 10 minutes from $745 level and there after fell again to intra day low of $732.5, its unable to sustain the price above $750 , it is stable at $734-$738 levels.