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May 08
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When the first time I saw gold price chart from 2004 to 2009, I did not believe with my eyes, the price of gold could not break the lowest gold price even for a month. It means gold prices always have go up trend, even though the chart showed me down movement. But, at last four years, gold price never break the lowest price of the last year. So, the price is not moving down, actually and your investment is not dropping down in a year and this trend always has the same movement every ten years. At least, that’s my opinion.
When you have to find the gold price at the spot gold, I am not sure you will be able to find the right movement for the next one hour. You cannot trust the gold spot that fast, you have to study the chart movement, using technical indicator and tools, but don’t forget fundamental indicator as well, and you will get the actual and estimated price for the future.
Looking back to the past, and then analyze our current gold market, I think this is a good investment field that you should try. Gold is a smart investment, but still you work on your own decision and risk.