Gold Analysis


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Gold Prices In Early 2015

The market will wait and anticipate the latest monetary policy of the ECB which will be released on January 22, when Mario Draghi has signaled that there is the possibility of QE will be conducted in early 2015 by noting that there is a risk that the central bank failed to maintain price stability target of greater than six months ago. “We are in the technical preparations for changing the size, speed and composition of policies in early 2015, and reacting to that too long a period of low inflation,” Draghi said.

Low inflation remains the main enemy for the world’s major central banks. It is hard to imagine the Fed will actually pull the trigger and raise interest rates when in a state of low inflation, especially when the BoJ and the ECB take the opposite direction of policy. It would be wise if the Fed remains stable doing the last policy.

US Debt Rises

Reported by the US Treasury that the US debt has increased $ 32 billion on the last day of November to make the amount of US debt above $ 18 trillion for the first time. That means that the total US debt has increased by 70% under Obama, from $ 10,625 billion on January 21, 2009 to the above range of $ 18 trillion. ”

On the last day of 2014, the number of US debt jumped $ 98 billion back in the day and on December 31, 2014 all of a total of $ 18.141 trillion debt increased $ 136 billion in December and $ 790 billion in 2014.


On movement Friday, gold trading opened in the range of USD 1185.77 per troy ounce. The price of gold was down sharply by moving down towards the lowest prices daily in the range of USD 1166.86 per troy ounce, and eventually rose to be closed in the range of USD 1187.32 per troy ounce. The movement of gold gain against the dollar as much as USD 1:55.

In general, the movement of gold in the 4-hourly chart looks still in bullish condition corrected. Gold prices look back in the simple moving average indicator 200 and 50 which are areas of resistance to the movement of gold. Indicator of relative strength index (RSI 14) at the level of 48 to give an indication of the potential price in a state of minor bullish. Likewise, the momentum indicator 14 provides an indication that the price will still be bullish minor.

The intraday bias, gold price movements on the 4-hourly chart looks to be in a rebound phase and the current price looks to be stuck on top of the support of USD 1179.12 per troy ounce. If the gold price moves down the support of USD 1179.12 per troy ounce must first penetrate where there is potential for the gold price will move towards support at USD 1165.18 per troy ounce. Conversely, if the price of gold through resistance at USD 1201.66 per troy ounce then there is a chance hagra will move up towards the next resistance in the range of USD 1217.32 per troy ounce.

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