Gold gains intact, avoid blind bearish

 Spot gold fell slightly last week, the $ 1,255.40 late Friday in North America alone over the previous week's closing price of $ 1 or so. However, from the weekly figure, gold, or 4 weeks after the end of a move higher situation, last week was a very long lower shadow Cross star, and fall low on the MA5. As far as technology is concerned, the price of gold this week, breaking the previous high of $ 1,265 has been very obvious intent. In candles analysis, which is relatively strong bullish signal. from the longer period, the current price of gold is still rising channel, as shown below. if the two constitute the rising channel high and low as 1 to 4 wave, and assume that the number of waves that we are correct, then gold is likely this summer changed their attitude, this time in the year continue to hit a new high. uplink target to channel form to measure at least more than in 1300 U.S. dollars , but the specific is 1350 or higher, it is difficult to judge. operational aspects still have to pay attention to conform with the trend, the top must not blind guess. Recently a number of trading days the price of gold rises each time is not large, the trend of slightly falter. But At least the price of gold is still historically high, is not wise to guess at the top. may have a lot of people have recently sold one after another at the time of the high price of gold callback rate is very small so much suffering empty one. In contrast, continue holds more than a single or a better bargain to buy.