Will gold prices rise within 7 april?
I think you mean before 7th of April 2008?
Gold prices are notoriously volatile, and the price has been in a short term upward trend since Oct last year when the price was about $560, current price is around $686 with resistance at about the $720 mark, so there is definitely room to rise still further, if the $720 resistance is broken then i think the sky’s the limit for the price..
A good way to gage the price is through seasonal charts, these charts show what month’s tend to do better than other months.
The Link below show what Gold has done on a seasonal basis from the years 1974-1999
Looking at the chart you can see a general down trend in the price of gold from April to September,
The price trend from the end of September through to January is very much up
Feb to April is mixed
Some commodity brokers and jewelery wholesalers rely on this yearly pattern to buy and sell there gold.
Obviously it can be different, but the average year follows the above trends.
Hope this is of some help
Source(s):
http://spectrumcommodities.com/education…
seasonal gold chart
http://www.kitco.com
gold prices and charts
http://www.zebracommex.com
article resource site
Add comment April 19, 2007
new website launch – commex
Hello, i’ve just launched a new website all about commex trading, the site contains lots of useful information about commodity trading, and is well worth a look!
Online commodity training courses!
How to profit from commodity trading!
Coffee is a commodity!
Add comment April 9, 2007
Hello world!
Welcome to WordPress.com. This is your first post. Edit or delete it and start blogging!
1 comment April 7, 2007
