!I will keep it here, as benchmark reference.
my initial entry at $1270, follow thru @ $1355.00
spot price at this moment ranges at ~$1350.00 /oz.
will the gold price retest again the 2011 price high?
maybe Lady Fortuna can give me insights🙂
…. is there really a Midas Touch thing?
Update 1: March 12, 2014
~1:00 AM GMT … gold price making new short term high, testing the 1360 mark.
~16:00 PM GMT … gold is showing some strength, testing now the 1370 level.
Update 2: March 14, 2014
~13:00 GMT… Gold almost touched the 1390 mark, nearing 1400 now🙂
Update 3: March 19, 2014
Gold got clobbered for days in a row, making its new short term lows nearing $1330 again… back to square one.
Technical Analysis Session!
Mar 20, 2014: Fibonacci Retracements for 60 days price movements.
Previous Low = ~1240, Recent High= ~1390; Diff = 150
Defining 38.20% Retracement Level, that would fall at 1330 level which so happens to be where the price is now… price actually dipped shortly to 1320(3/19). Hmm… should I add up now?
Mar 24, 2014; Price settled lower touching the 1310 mark. Is that near 50% retracement already? I have an itchy feeling that it seems to be doing the final shake out prior to the next major upward move. Read somewhere about a “Golden Cross” manifesting already. Hmmm, it will be interesting to watch the unfolding turn of events….
I’ll just sit tight and enjoy the show🙂
Mar 31, 2014: 1300/oz is history for now as the price revisited the 12## territory… ohh well.
Apr 11, 2014: From the previous weeks, Gold price was seen retesting the 3month lowest and almost painted an inverted H&S. Well, where is the price now? Back to 1320s level…
May 10, 2014: For the past weeks, price tip-toed on the 1300 band. Today it’s back to 1290s… i’ll take it as a good sign, coz I need to add up some on better bargain price. Not in a hurry yet though as budgeting is too tight.
UPDATE A YEAR AFTER (14March2015) …
GOLD PRICE WENT NOWHERE BUT DOWN SOUTH!!
OH WELL… WHAT TO DO?
BOUGHT MY FIRST EVER 100gm PAMP 999.9 PURE GOLD.
MAYBE, WILL BE ABLE TO BUY ANOTHER…. FOR THE LONG TERM HOLD🙂