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Gold price forecast and investment advice for rest of 7 months of 2013

Summary:Buy Gold for long term (few years) only when it crossess above USD 1500 per ounce. For that we may have to wait at least 3 to 6 months and see when this downtrend reverses.






Click on the above images to view enlarged.

This is a Gold price chart of SPDR Gold Shares (GLD) which almost follows Gold price in USD.
Multiply its price by 100 to get approximate price in USD oer ounce. Chart courtesy: yahoo finance.

Unsafe to buy Gold for short term till it crosses the 50 day EMA.


Unsafe to buy for long term till it crossess the 200 day EMA and remain above it for at least 6 months.  

It will probably cross 200 day EMA only when it crosses above the blue trendline which is at $1500  per ounce.

Price in USD with charts can be seen at these two sites:

Gold price:
http://goldprice.org/gold-price-history.html

Yahoo:
Chart with moving averages (multiply price of GLD etf by 10): http://in.finance.yahoo.com/q/ta?s=GLD&t=5y&l=on&z=l&q=l&p=e50%2Ce200&a=&c=

As the world is not acheiving a stable economic environment, we ought to own some gold. This is my attempt to analyse the trend and identify a good entry range.

Gold has been in an uptrend for 3 years (late 2008 to around sep 2011).

Also see previous posts. Links are below. The Gold price took support on a important level as I predicted and then broke the support to fall down and enter a clear downtrend.

 http://drkhalid.blogspot.in/2013/03/gold-price-has-taken-support-paused-at.html

http://drkhalid.blogspot.in/2013/02/gold-price-forecast-2013-feb15-2013.html

Also see video:  World history is closely related with the history of Gold:
http://www.youtube.com/watch?v=gHTuP3AwPcU


Also see the youtube video on different movement of goldprice in different currencies. This means Gold price in a currency of a country reflects the weakness or strength of a currency: http://www.youtube.com/watch?v=FVsrPDC2La8

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